Class 12 Tuition Updates

• What is mean by mariginal cost? 
• What do you understand by micro economics? 
• What do you mean by macro economics? 
• What is supply? 
• What is the basic difference in between supply and demand? 
• what is TFC? 

AND MANY MORE QUESTION FOR DOING GOOD IN YOU FINALS COMMENT FRO THE ANSWERS AND ANY QUERIES YOU CAN CALL ME OR COMMENT I AM HERE FOR YOU🙂🙂🙂

I am an educator of economics for 3 years now teaching students from classes 9 to 12.I am currently working in chegg india as a verified expert in Economics and providing solutions to problems related to economics both in India and abroad.But I want you to know that there are no tricks to learn economics and I'm not someone who can provide you with that kind of knowledge.But, if you are ready to learn and willing to work hard for that matter then and only then I can help you achieve that.My best wishes to all those students who are studying Economics.....May god bless you all

GDP is Gross Domestic Product. It is the total value of goods and services produced within the boundaries of a nation in a given time period. E.g. 1 year

The value of goods and services produced by both Indian and foreign National are taken into account.

GNP is the Gross National Product. Here the difference is the fact that boundary restriction is not there. However, the values produced by Indian national residing anywhere in the world is considered.

The basic economics is the study of, and the Economy is a process where people ears their livelihood.

Human being has unlimited wants; however, to fulfil those needs resources are limited.  So we have to choose short everyone has unlimited wants and income is low so it has to make a choice.  That is with every Economy, and this is known as the central problem of Economy as this problem arises with every Economy.

What to produce, how to build, and for whom to produce.

To solve these problems, PPC was invented.  PPC shows all the best possible combination of two goods that an economy can produce with the given resources and available technology.