PRINCIPLES OF ECONOMICS
Completion requirements
INTRODUCTION TO THE PRINCIPLES OF ECONOMIC
Political Economy or Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing.
2. Demands
Demand refers to the quantity of a good or service that consumers are willing and able to purchase at various prices over a specific period. It plays a crucial role in determining how markets operate.