scarcity and choice move hand in hand class 11 microeconomics notes

Microeconomics, in this course build a comprehensive understanding of how individual economic agents make decisions and interact within markets. In this course, we will learn about the fundamental concepts of microeconomics including demand and supply, consumer behavior, production and costs, and various market structures such as perfect competition, monopoly, monopolistic competition, and oligopoly. You’ll explore how prices are determined, how resources are allocated, and how government policies can impact market outcomes. The course also covers elasticity, factor markets, welfare economics, and market failures. Real-world examples and case studies will help illustrate key principles and their application. This course is ideal for students, business professionals, and anyone interested in understanding the economic forces that shape everyday business and consumer decisions. Join now and develop strong analytical skills to navigate economic challenges effectively. Commerce lectures