Now the means of exchange is
Money
Barter System
Raw Material
Finished Goods
Micro economics is also known as
Income Theory
Price Theory
Expenditure Theory
Savings Theory
___ deals with interaction of individual markets.
Micro economics
Macro economics
Econometrics
Public finance
The subject matter of economics is mainly divided into
Econometrics and mathematical economics
Micro and macro economics
Agriculture and international trade economics
Public finance and development economics
Return for entrepreneurial organisation is
Interest
Rent
Profit
Wages
The demand for goods and services will increase
Consumption
Production
Exchange of goods
Savings
The term micro economics is derived from
Latin Words
Greek Words
French Words
Russian Words
The distinction between micro and macro economics was made by
Amartya Sen
J.R Hicks
Ragnar Frisch
Samuelson
The distinction between micro and macro economics was emerged after
Great depression
Global meltdown
Discovery of USA
Global warming
The basic activity of firms is
Expenditure
