Economics
, Economics
·
why britishers invaded India ?
Resource rich
country
.
-
Merch
intelligent
-
- .
2 Bullionism (Gold & silver)
I Trade
.
is
zero sum
↓
a
game
↓, we need to have
One has to win and lots of gold and silver
other has to
definitely to become rich .
loose .
And britishers thought
invading India will make
them rich.
Adam in
> Smith was
asking the book how
-
can becomes rich Also he disagreed
a
country
.
fact that trade is sum
game
the
zero .
He believed both parties are
gaining something.
>
-
He also believed gold/silver is also
just like
any
other
commodity .
>
-
According to him
capital that makes
country
rich .
,Whats Capital ?
more
>
-
Morr >
-
>
-
Higher standard
Capital goods/services of living.
>
-
Capitalists accumulate capital .
China is
>
Capitalist country and just
-
we
need 12
days to business
open
a in comparison
to India where
you
wed a lot
of time
.
Power
utility to attract
=
>
- a customer
their needs
.
to
fulfill
↓
Then obtain
customer
may satisfaction .
[s
Shrinkflation" is product
> when the
quantity of
-
is it
decreased
by a brand to see same
at
price
.
Decoy Pricing -selling product
>
-
to a so a
he is oversatisfied.
Books How an economy grows and crashes 3 Think fast
.
How to
Spot
o .
2
Nicholas)
(Naseem
an
economic
and slow
Peter
.
↳
berusty . Anti
fragile
. 6 .
bubble
sonrabh
.
5 Against the .
gods Hirani
, Microeconomics
&
Function ; is something that showcases
relationship between two or more variables
namely (idependant
.
and dependant)
x
y
eg
-
. Bill Tip in restaurant .
> The bill
higher the tip
-
more the the
you are
willing to
give
from a
Demand :
Desire
·
willingness to
·
pay
·
Ability to pay
,
, The Law of Demand
The law demand
of states Leterns paribus
or other things being equal ,
there is inverse
relationship between price and
quantity
demanded
.
Q =
f(p)
Priv demand
in
flenes quantity of
Price
M
↑
(demand function]
M
This
>
might be
plane
-
a
/
& if there
wre
factors
Demand
affecting the function
apart from price
.
y mc
= ↑ C
T
ad =
a -bp
, Economics
·
why britishers invaded India ?
Resource rich
country
.
-
Merch
intelligent
-
- .
2 Bullionism (Gold & silver)
I Trade
.
is
zero sum
↓
a
game
↓, we need to have
One has to win and lots of gold and silver
other has to
definitely to become rich .
loose .
And britishers thought
invading India will make
them rich.
Adam in
> Smith was
asking the book how
-
can becomes rich Also he disagreed
a
country
.
fact that trade is sum
game
the
zero .
He believed both parties are
gaining something.
>
-
He also believed gold/silver is also
just like
any
other
commodity .
>
-
According to him
capital that makes
country
rich .
,Whats Capital ?
more
>
-
Morr >
-
>
-
Higher standard
Capital goods/services of living.
>
-
Capitalists accumulate capital .
China is
>
Capitalist country and just
-
we
need 12
days to business
open
a in comparison
to India where
you
wed a lot
of time
.
Power
utility to attract
=
>
- a customer
their needs
.
to
fulfill
↓
Then obtain
customer
may satisfaction .
[s
Shrinkflation" is product
> when the
quantity of
-
is it
decreased
by a brand to see same
at
price
.
Decoy Pricing -selling product
>
-
to a so a
he is oversatisfied.
Books How an economy grows and crashes 3 Think fast
.
How to
Spot
o .
2
Nicholas)
(Naseem
an
economic
and slow
Peter
.
↳
berusty . Anti
fragile
. 6 .
bubble
sonrabh
.
5 Against the .
gods Hirani
, Microeconomics
&
Function ; is something that showcases
relationship between two or more variables
namely (idependant
.
and dependant)
x
y
eg
-
. Bill Tip in restaurant .
> The bill
higher the tip
-
more the the
you are
willing to
give
from a
Demand :
Desire
·
willingness to
·
pay
·
Ability to pay
,
, The Law of Demand
The law demand
of states Leterns paribus
or other things being equal ,
there is inverse
relationship between price and
quantity
demanded
.
Q =
f(p)
Priv demand
in
flenes quantity of
Price
M
↑
(demand function]
M
This
>
might be
plane
-
a
/
& if there
wre
factors
Demand
affecting the function
apart from price
.
y mc
= ↑ C
T
ad =
a -bp
