We use seem to talk about general .....

See these examples: She looks happy He looks as though he has lost his .....

Please note: - Consumer has limited income - He/She allocates his limited income in several goods - His aim is to utilize his total utility - He equates the marginal utility of the last unit of money spent on these .....

Sometimes, higher change (increase/decrease)  (for example 5%) in price leads to lower change (3%) (increase/decrease) in quantity supplied. This is called relatively inelastic supply. But then sometimes, lower change in price (5%) leads to .....

An individual lives with his family. The family is the constituent of the society. Group of societies make a nation or an economy. Since all these are inter-related, so is microeconomics interdependent with macroeconomics. Take for example, the .....

3. Human touch: Marshall, concentrates on human welfare. While Robbins, concentrates on scarcity of resources. He does not give importance to importance of .....

Economic activity - material/immaterial: .....

Alfred Marshall is known as the neo-classical economist. Unlike Adam Smith, he defined economics as the study of wealth as well as the study of man as well. His definition of economics is also known as the welfare .....

He was the first economist to present a systematic analysis of economics. There are various economists who have defined economics in their own views. Adam Smith's definition of economics is related to wealth. He focused that economics is the .....

The wealth and richness of a country cannot grow without proper utilization of its .....

To understand this we need to know that economics;

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Let me start with a simple example. Lets say that you are concerned with the income of yourself.  You were earning Rs. 30,000 last year and then your income increased to 40, 000 this year. When you are analysing the income of yourself only, .....

Let me ask you some questions. What is the unemployment level of your country? What is the current inflation rate of the nation? What should be the measures to reduce inflation rate? What should be the measures to increase employment .....

Why do you think it is important to know the unemployment level of a nation? Why do you think it is important to find out the inflation rate and then try to reduce inflation in an economy? Why do you think a government of a country is keen of .....

Do you know that there are two branches of .....

2. To provide tools for economic policies: It helps in designing policies like price policy, taxation policy .....

Do you know that there are two branches of .....

Human Beings fulfill their desire/needs with the scarce resource available.

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As you know: People have unlimited needs,

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Lets say that you are now concerned with the income level of the economy as a whole. This may include the income of individuals, plus the income of households, plus the income of firms and the income of government as well. When you are taking .....

Before understanding the difference between real GDP and nominal GDP, you have to understand what GDP means. GDP or Gross Domestic Product is the market value of all the final goods and services produced withing the territory of the nation. Lets .....

Let us start with an example.   Assume that firm A produces and sells 40,000 kgs of sugar to the Nepalese market. Firm B and C also produces and sells 50,000 kgs and 60,000 kgs of sugar to the Nepalese market. Assume that there are only three .....

Think about this. In an economy, there are several individuals living in different families and societies.   Every one has their own sets of demand for goods and services. When one indiviudal demands a product/service then it is called an .....

The variables which are used to evaluate the performance and behavior of the whole economy are called as macroeconomic variables. They are the indicators that show the situation and trends of the whole economy. So jsut think about these .....

An economy which also participates in the international trade (imports and exports) is called as open economy.   You can take the example of Nepal as an open economy. Symbolically, it can be represented as GDP = C + I + G + (X - .....

Take an example of our country. We have economic relationship with so many other countries. We export the goods produced in our contry to other countries. We also import the goods produced in foreign countries to our country. Similarly we also .....

As you know that a three-sector economy consists of  households, the business sectors and the government. symbolically, it can be represented as GDP = C + I + G where, GDP or Gross Domestic Product refers to the sum of expenditure made by .....

As you know that a two-sector economy consists of only households and the business sectors. symbolically, it can be represented as GDP = C + I where, GDP or Gross Domestic Product refers to the sum of expenditure made by households and business .....

When an economy consists of only two sectors ( household and business sectors) operating, then it is called as a two-sector economy. When an economy consists of households, business as well as government operating, then it is called  as a .....

Because all needed goods will have to produced locally - inefficiencies may occur. Which means cost of production may increase and ultimately consumer have to pay for it. Due to restriction in knowledge and technology sharing will have limited .....

While Closed economy is just opposite to Open economy. It is a economy which doesnot interact with other countries. It will not import or export thus will become self-sufficient economy. It will produce what they need locally. Corporations will .....

The term " theory of income and employment" includes study of the determination of general income level and employment level of an economy. Income level simply means the sum of income of the individuals, households, firms, and .....

I hope you know that macroeconomics deals with economy as a whole. So can you think some of the areas which macroeconomics deal? You have to know that scope simply means areas covered. Think about employment/unemployment in an economy. Here we .....

NOw use the formula  F= G m1m2/d2 Where G= .....

Do you know that there are two branches of economics? One dealing with individual units, just like individual price, individual income, individual demand, and so on. This is called microeconomics. You have to know that macro means whole or big or .....

You know that, the nucleus of an atom contains protons and neutrons.  Protons have positive charge while neutrons have no charge.  So, the nucleus in not electrically neutral.  It is positively .....

Here, the values of mass of the earth (M), mass of the body (m), radius of the earth (R) and the force of gravity (F) are given.  You have to find the value of gravitational constant (G).  You have the relation, F = GMm/R2 Substitute .....

Here let us find out the given values Distance between the centres= 100 m gravitational force = 1000 N mass of the first body= mass of the second body=m now ,  use the following formula to calculate  F= G m1m2/d2 put the given values .....

First, separate 5A in 2A+3A. Use the formula, of sin(A+B)=sinA.cosB+cosA.sinB Then, you will get the term of sin3A, cos3A, sin2A and cos3A. Use the formula of them, you should get to the .....

The numerator and denominator in the ratio is also know as antecedent and consequent respectively. Now, if consequent is x. then, .....

Exothermic Exo means out thermic means heat.  The chemical reaction that gives out heat is exothermic reaction.  Example. C(s) + O2(g) → CO2(g) + Heat .....

Well, any objects moving in a certain velocity changes its velocity  It may either increases its velocity or decreases its velocity  With respect to time. If the velocity is increased with respect to the time,  It is called the .....

In an algebric expressin we have  constants, exponents and .....

t/ o;sf] dtna of] xf]Og ls, Ps lsnf] kmnfd Ps lsnf] skf;eGbf ux|f}F x'G5 .

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दुख सुख, लोभ, लालच,भोक विलास सुगन्ध, दुर्गनद,सुरक्षा,घाम पानी,दोष निन्दा, रोजगार यस्ता कुरामा .....

You may have learnt that  1000 is represented in Roman System by M. If we add M and M, Then how much do we .....

Here, the terms in the bracket is multiplied by -1. Hence, when you expand the bracket the signs of the terms get changed. Then, add and subtract the like terms. You will get the .....

They contain high calories, sugar and .....

Two places in Nepal where silkmoth farming is done are: 1. Bandipur, Tanahun 2. Khopasi, .....

According to the first law Anything that changes the state of rest Or of uniform motion of any object is called .....