Elly Twineyo Kamugisha

CONSUMPTION CHOICES Consumption: the process by which goods and services are put to final use by people. People refers to two groups of individuals – the customer who pays for the good or services; and the consumer who is the ultimate user…

The price theory The price theory is the basis of exchange in economics. It is the study of price and its determinants. Prices are relative values of goods and services at a particular time. In a market, buyers and sellers exchange goods…

Markets with Asymmetric information What happens when some parties in the market have more info (about a product) than others? The market is an efficient allocator, in a competitive market, when the consumer and producer have perfect information about the possible exchange….

MONOPOLY Pure monopoly: A market that has only one seller and many buyers. Pure monopoly is rare, but in most markets only a few firms compete with each other. So we better say pure monopoly as a market that has one seller…

Macroeconomics Macroeconomics deals with the aggregate behavior of all individuals in an economy. It is the study of the behavior an economy at the aggregate level. It is not the study of the level of a specific subgroups or individuals (which is…

Economic growth Economic growth has been defined as the quantitative increase in the volume of goods and services in the economy overtime. It is a positive change in the level of production of goods and services by a country over a certain…

A job ravenously while Far much that one rank beheld after outside….

Regional integration (economic integration) Regional integration (economic integration) refers to the cooperation of countries – usually geographically close to each other – with the aim of enjoying economic benefits that accrue from trade, tourism and investment. Regional integration helps to create bigger…