Fundamental unit of individual economic behaviour, Microeconomics

Assignment Help:

Households: The fundamental unit of individual economic behaviour. Households offer labour supply to labour market, make consumer purchases,earn income (from employment and other sources) and care for each other through unpaid labour within the home.


Related Discussions:- Fundamental unit of individual economic behaviour

the bundle containing more bread, Assume that John has the following prefe...

Assume that John has the following preference relation over two goods, bread and bear (x1, x2). He strictly prefers any bundle x over y whenever x haves more bear than y, whatever

What do you mean by the utility function, What do you mean by the utility f...

What do you mean by the utility function? The Utility Function: Sometimes this is easier to work directly along with the preference relation and its connected sets. Althou

Income, trend and structure of national income in nigeria

trend and structure of national income in nigeria

Specific monopolist, Specific Monopolist: Suppose a monopolist f...

Specific Monopolist: Suppose a monopolist firm, I-Tech, pays $500,000 in short-run costs for its capital and unskilled labor. Its only short-run decision, th

Disadvantages of mixed economy system, The drawbacks of a mixed economy act...

The drawbacks of a mixed economy actually depend on how "mixed" it is. For instance, if it is mixed more towards a free-market, there is little regulation (some may see this as a g

Rational expectations and economic theory, RATIONAL EXPECTATIONS AND ECONOM...

RATIONAL EXPECTATIONS AND ECONOMIC THEORY  : Much of undergraduate macroeconomic theory is discussed on the assumption that, in the short run, the expectations of economic age

Market-friendly reforms, Market-Friendly Reforms: One main shortcoming...

Market-Friendly Reforms: One main shortcoming of present development cooperation is that recipients of development cooperation is that recipients of development finance are d

Home work help, Exercise on Demand, supply and market equilibrium Given th...

Exercise on Demand, supply and market equilibrium Given the following determinants of demand and supply, briefly explain, using appropriate diagram, the nature of relationships be

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd