Conditions of Consumer’s Equilibrium Class 11 Notes

Conditions of Consumer's Equilibrium Class 11 Notes

Topic Conditions of Consumer’s Equilibrium Subject Microeconomics Category CBSE Economics Class 11 Notes The term ‘equilibrium’ is frequently used in economic analysis. Equilibrium means a state of rest or a position of no change. It refers to a position which provides the maximum benefits or gain under a given situation. Let us take a look … Read more

Law of Diminishing Marginal Utility Class 11 Notes

Law of Diminishing Marginal Utility Class 11 Notes

In making choices, most people spend their incomes over different kinds of goods. people prefer a variety of goods and services because consuming more and more of the same thing reduces the marginal satisfaction derived from its further consumption. This phenomenon is explained by the Law of Diminishing Marginal Utility. Topic Law of Diminishing Marginal … Read more

Total Utility and Marginal Utility Class 11 Notes

Total Utility (TU)

Topic Total Utility and Marginal Utility Subject Microeconomics Category CBSE Economics Class 11 Notes Total Utility and Marginal Utility Utility is the satisfying power of goods ad services. Utility, according to the cardinal utility approach, can be measured in absolute numerical values in terms of utils or they can also be measured in terms of … Read more

Measurement of Utility in Economics Class 11 Notes

Measurement of Utility in Economics Class 11 Notes

Topic Measurement of Utility in Economics Subject Microeconomics Category CBSE Economics Class 11 Notes Measurement of utility in Economics Class 11 Notes Utility is the capacity of goods and services to satisfy human wants. Now that we understand what utility is, it is debated as to how we can measure it. Measurement of utility in … Read more

Concept of Utility in Economics, Consumer Satisfaction Class 11 Notes

Topic Concept of Utility in Economics Subject Microeconomics Category CBSE Economics Class 11 Notes Consumer satisfaction and Utillity A consumer is the main decision maker of the consumption pattern in the economy. A consumer is the one who buys goods and services for satisfaction of wants. The main objective of the consumer is to get … Read more

Production Possibility Curve in Economics – Microeconomics Class 11 Notes

Production possibility Curve class 11 notes are presented in an inclusive manner so that students can engage with them properly and make proper answers for every type of question.  All the relevant concepts are given below you can click on the relevant point to get detailed explanation. Production possibility Curve What is Production possibility Curve … Read more

Solutions to Central Problems of an Economy – Microeconomics Class 11

Solutions to Central Problems of an Economy – Microeconomics Class 11

Topic Solutions to Central Problems of an Economy Subject Microeconomics Category CBSE Economics Class 11 Notes Solutions to Central Problems of an Economy The central problems of an economy – (1) what to produce? (2) how to produce? and (3) for whom to produce ? are common problems in various economies, irrespective of their size … Read more

Central Problems of an Economy – Microeconomics Class 11 Notes

Central Problems of an Economy - Microeconomics Class 11 Notes

Central problems of an economy class 11 notes are presented in a very comprehensive and thorough manner for better understanding of the students. They are helpful and reader-friendly as they give the students access to easy and simple readings. Central problems of an economy Allocation of resources Central problems of an economy, Problem 1- what … Read more

What is an Economy? Microeconomics Class 11 Notes

What is an Economy? Microeconomics Class 11 Notes

What is an Economy? Microeconomics Class 11 Notes What is an economy class 11 notes are beneficial for last-minute revision as they are comprehensive and updated according to the latest syllabus. These notes are helpful in a very comprehensive manner and they are short as well as pointed. What is an economy Vital processes of … Read more

Receive the latest Content

Subscribe To Our Weekly Newsletter

Get notified about new Content