Economics is the study of choices made under constraints,
usually the constraints of budgets, prices, and input costs. Topics covered
include consumer demand, production, exchange, the price system, resource
allocation, and government intervention.
The objective of
this book to familiarize the students with the basic concepts of economics
such as Demand, Supply, Goods, Utility and enable the students to understand
basic theories, Principles and laws relating to Consumption, Production and
Distribution.