Economic Theory - B.Com 1st Year

Economic Theory - B.Com 1st Year

• Topic: Equilibrium and Competition in Different Economic Systems
• Concepts: Demand, Supply, Utility, Price, Cost, Income, Capitalism, Socialism
• Subjects Covered:
  • Equilibrium: The point where supply and demand curves intersect in a market.
  • Competition: The rivalry among economic agents (e.g., businesses) for resources.
  • Capitalism: An economic system characterized by private ownership of the means of production.
  • Socialism: An economic system where resources are owned and controlled collectively.
  • Income: The money earned by individuals and entities.
  • Cost: The expenses incurred in producing goods or services.
  • Utility: The satisfaction gained from consumption.
  • Supply and Demand: The forces that shape prices and quantities in markets.
• Relationship: The interaction between demand, supply, cost, price and income in socialist and capitalist systems are emphasized

یہ کوئز اقتصادی نظریات پر مرکوز ہے، جو بی کام کے پہلے سال کے طلباء کے لیے اہم ہے۔ اس میں مارکیٹ میں بیلنس، مقابلہ، سرمایہ داری اور سوشلزم جیسے تصورات کا احاطہ کیا گیا ہے۔ یہ طلباء کو طلب، رسد، قیمت، اور آمدنی کے باہمی تعلقات کو سمجھنے میں مدد کرے گا۔