Study Materials

Here you find all the study materials uploaded in Enotes World.

Meaning and Definition of Demand

Meaning and Definition of Demand Demand for goods and services implies the number of goods and services that buyers are ...
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Difference between Microeconomics and Macroeconomics

The subject matter of economics is broadly divided into two branches, namely microeconomics and macroeconomics. Microeconomics and macroeconomics have become ...
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Types of Demand

The willingness to buy a commodity or a service for which necessary resources are available is known as demand. Both ...
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The Achievements of Development Planning in SAARC Countries

Learning ObjectiveTo discuss the achievements of development planning in SAARC Countries SAARC Countries have experienced several changes and improvements because ...
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Constraints or Challenges of Development Planning in SAARC Countries

Introduction South Asian countries are competitive but, in many respects, they are complementary to each other also. All the member ...
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Plan Priorities in SAARC Countries

Concept and Introduction of SAARC After 1945, the trend of the establishment of various regional cooperation organizations like the European ...
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Concept of Duality in Consumer Theory

Meaning of Duality The term duality is habitually used to denote a dissimilarity between two correlated concepts, such as duel ...
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Income and Substitution Effects of a Price Change

In our situation of good X, good Y, and money income M; if money income and the price of good ...
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Income Consumption and Engel Curve

Learning Objective To explain the derivation of income consumption and Engel curve for a normal and inferior good This issue ...
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Change in Prices and Derivation of Demand Curve

Introduction In the analysis of consumer’s equilibrium, price and income are an exogenous variable, and change in the values of ...
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Comparative Statics of Consumer Behavior

Introduction The theory of consumer behavior and demand is grounded on the assumption that consumers try to allot limited money ...
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Consumer’s Equilibrium with Indifference Curve Approach

Introduction A consumer attains his/her equilibrium when he/she maximizes his/her total utility, given his/her income and prices of the two ...
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The Consumption Decision

Learning Objective To explain the technique and solution of the consumption decision problem Once the consumer identifies his or her ...
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Preference Ordering

Background and Concept of Preference Ordering Learning Objective To explain the concept of preference ordering and axioms of preference ordering ...
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Cardinal Utility Versus Ordinal Utility

Learning Objective To explain the similarities and differences between cardinal and ordinal utility analysis (cardinal utility versus ordinal utility) Ordinal ...
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