Basic Economics concept Table of contents: I Introduction to economic concept and tools Scarcity Scarcity in Economics Planned econ…
Read moreOpportunity cost Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen)…
Read moreFactors that Shift the Supply Curve We list and explain three factors that shift a supply curve: Change in input costs: An increase in input costs …
Read moreFactors that Shift the Demand Curve We list and explain four factors that can shift a demand curve: Change in consumer incomes: As the previous vid…
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