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    Mahnoor baqai
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    Economics studies how mankind makes decisions as consumers and producers. Consumers seek to maximize utility by consuming commodities, while producers aim to maximize profits by producing goods. Government policies like monetary, fiscal, trade, and debt policies also influence economic behavior and decision making.

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    Economics studies how mankind makes decisions as consumers and producers. Consumers seek to maximize utility by consuming commodities, while producers aim to maximize profits by producing goods. Government policies like monetary, fiscal, trade, and debt policies also influence economic behavior and decision making.

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    © All Rights Reserved
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    16 views5 pages

    Untitled

    Uploaded by

    Mahnoor baqai
    Economics studies how mankind makes decisions as consumers and producers. Consumers seek to maximize utility by consuming commodities, while producers aim to maximize profits by producing goods. Government policies like monetary, fiscal, trade, and debt policies also influence economic behavior and decision making.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 5

     Economics is the study of mankind its decision making.

     Decision by 1) consumer 2) producer


     Consumer as a household consume for utility maximization
     Producer as a producer produce the commodity for profit
    maximization
     Consumer’s behavior
     Producer’s behavior
    POLICIES
    POLICIES OF GOVT
    • MONETORY POLICY
    • FISCAL POLICY
    • TRADE POLICY
    • DEBT POLICY

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