User talk:N.tabassum

--N.tabassum (discuss • contribs) 16:03, 4 February 2012 (UTC)WHAT IS ECONOMICS? ECONOMICS IS ABOUT HOW WE SATISFIED OUR WANTS USING LIMITED RESOURCES. WHAT IS SCARCITY?

THERE IS NOT ENOUGH RESOURSE IN THIS UNIVERSE TO COMPLETE SATISFY HUMAN WANTS.

OPPURTUNITY COST:-IT IS DEFINE AS A SACRIFICE FOR THE NEXT ALTERNATIVE FOR ALL.EX:-IF A MAN HAVE ENOUGH RESOURSE TO CHOOSE BETWEEN PIZZA AND MOVIE,AND IF HE CHOOSES THE PIZZA,OPPURTUNITY COST IS MOVIE THAT WE HAVE SACRIFICED.

FREE GOODS:-FREE GOODS ARE THOSE GOODS WHICH ARE UNLIMITED IN SUPPLY AND WE DO NOT HAVE ANY OPPURTUNITY COST.

CONSUMPTION:-IT IS DESCRIBED IS USING OF GOODS AND SERVICES IN ORDER TO SATISFY OUR WANTS.
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