The law of supply and demand is a fundamental concept of economics and a theory popularized by Adam Smith in 1776. The principles of supply and demand are effective in predicting market behavior.

While the theory of ‘integral humanism’ talks about the ‘whole man’, the western economics remains obsessed about the concept of ‘economic man’. Though behavioural economists have ...

What economic concepts are most important for citizens? Here is our top 10 list of macroeconomic concepts. First, gross domestic product is the monetary value of all final goods and services ...

Macroeconomics is the study of the economy as a whole. It studies how the economy behaves, performs, and functions by addressing different economic concepts like gross domestic product (GDP ...