All that you need to know about Economics
Econtutorials is a hub of articles, notes, lectures, manuals and online courses of Economics that will guide you from its very basic terms to advance methods of solving quantitative problems.
Domains of Economics
Network Externalities
Tell me at the first instance how can you comprehend the Work NETWORK EXTERNALITY ? By Network, we mean Individuals. And Externality is a cost or benefit that is incurred not on your choice. In Economics, Network Externality is a case when people’s demand is dependent...
The Giffen Good
The Giffen Good is although a rare case yet still has valid possibilities. By definition: Giffen Good is a special case where the Demand Curve Slopes Upward because the Income effect is greater than the Substitution Effect In this case, the Income effect is...
Production Decisions of a firm
Originally written at Mba-tutorials Now we have demand side of the market and the supply side. From the word supply we do understand very easily that we are going to discuss about the or examine the behavior of Producers. We will see how firms can produce...