Economics Made Easy

Economics Made Easy Tell your Economic story. discuss the current affairs. Predict the value of rand. ask your questions, let us help you with your homework .. all here!!

Economics For South African Students

21/08/2016

The page will be under new management, for economic reasons, please if you willing to help in administration, show yourself

16/08/2016

The multiplier effect..:
Who can explain it to us?

09/08/2016

Happy women's day to all the women out there.. Have a very economic day..

20/07/2016

How are you planing to develop the Economy today?
Remember each and everyone of us have a role to play, everyday.. Either you consume or produce..

17/07/2016

We always welcome the new members, thank you guys for joining.. Remember in this group: you do not wait for the admin to paste something, instead it is the platform for you young economists to share information, ask questions and all other relevant stuff, economic wise..
I, as admin, encourage participation.
Thank you and Have a good morning

This is typical example of the relationship between income of the consumer and the quantity demanded
14/06/2016

This is typical example of the relationship between income of the consumer and the quantity demanded

14/06/2016

The law of demand states that: the higher the price, the lower the quantity demanded.
But there are types of goods that does not follow suit.. For example take cellphones, the lower the price, the fewer the people want that cell.. What do we call those kinds of good??

03/05/2016

What is the effect of winter in the Economy?

29/04/2016

Can you name five determinants of Supply, if those of Demand are:

1. Price of the product
2. Price of substitute good
3. Price of compliment good
4. Taste of the product
5. Income of the consumer
6. Size of the household

The above mentioned determine how a consumer demand goods n services, remember a Ceteris Peribus rule..

25/04/2016

NB:
Micro economics deals with individual households

Macro economics deals with the whole economy of the country

11/04/2016

Each and everyone of us have a role to play in building the economy..

Morning economists

29/03/2016

How are you planning to benefit the Economy today?

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