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MGE1108 Economics for Business is a subject which tells about the demand and supply for products or services and its analysis in the market. It talks about government interference in the market and the market condition.
MGE1108 Economics for Business subject talks about the detail information of production of the goods, rendering of the services, the cost associated with them. It will be going to teach you about the, how profit can be maximized and how it can be earned in the competition and monopoly type of market.
MGE1108 Economics for Business tells how to deal in the condition of imperfect market condition and monopolistic situation. Provides the knowledge of the various theories of the firm and how and about the macroeconomic growth and the issues related to inflation, unemployment and economic growth.
MGE1108 Economics for Business gives a brief description of what is monetary policy and how it works.
Once the student will learn all these stuff and will get the proper understanding of the MGE1108 Economics for Business, after that they will be able to get the detailed and basic knowledge of the microeconomics and macroeconomics. Students will get the idea about the fundamental economics of the markets and the firms existing in the market. Lastly, they will be able to tell the effect of economic activities on the working of the business.
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