1. Soft Skills Courses
  2. EEC-11
  3. Unit-2
unit-2-basic-economic-concepts

Unit-2 Basic Economic Concepts

In this unit we will first spell out the distinction between micro and macroeconomics.

The price of a bicycle is Rs. 1000/-, which concept of price we are referring to?




< Back To All Answers

Answer

{{currentAnswer.user.userName}}

Written on {{ansDate()}}

{{trustHtmlContent(currentAnswer.answerContent)}}

Learning Pundits Content Team

Written on Apr 25, 2019 12:15:49 PM

It is the money price of the good. It is expressed in terms of an abstract unit of account called Rupee.