Wednesday 30 September 2009

My dark ECO...(sad.......)

Economics include Macroeconomics and microeconomics.Macroeconomics is about country and country government or about this world.Microeconomics is about individual.It is like firm.It is a small market.Economics growth is a important matter.It is hinge on rate of change of GDP.It is refers quantity of goods and services produced. Economics growth can be positive or negative.Positive is refers economics is shrinking.Negative is refers economics is recession or depression.Economics recession refers tow consecutive quarters a negative growth.In the market include demand and supply.When demand up supply extensin.When demand down supply contract.Elasticity include YED,PED,XED,PES.Economics elasticity is elasticity of substitution, price and wealth.In economics.In flation is rising over-heating.It is rise in the general level of prices of goods and services in an economy over a period of time.If manufacturing wages are rising.This will effact aggregate demand and aggregate supply.So Inflation is also an erosion in the purchasing power of money.
Strong Economics let me know"small and weak of me".Also Strong Economics homework let me know "what is headache".

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    It's a beginning - but more to go

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