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Image of - Principles Of Economics | Paperback
Principles Of Economics | Paperback

Principles Of Economics | Paperback

by Marshall A.

Originally published in 1890, Principles of Economics was the first text to bring together the theories of supply and demand, marginal utility and cost of production into a coherent whole. It introduced a number of new concepts which have formed the building blocks of modern microeconomics and underpin modern day business strategy. Concepts such as; elasticity of demand “ how consumer demand for a good or service is affected by a change in its price; consumer surplus “ the difference between the maximum price a consumer is willing to pay and the price that they actually pay and quasi-rent “ the profit made in the short“term from a product/innovation due to a reduction in supply.Over 100 years after its original publication Principles of Economics continues to influence economic and business strategy. This re-issued classic contains a new introduction by Professor Peter Groenewegen who explores the profound impact that this critical work has had on economic and business thinking.

Highlights

  • binding-icon

    9780230249295

    ISBN:

  • binding-icon

    Marshall A.

    Author:

  • binding-icon

    715

    Pages:

  • binding-icon

    215 gm

    Weight:

  • langauage-icon

    English

    Language:

  • date-icon

    2013

    Year:

  • edition-icon

    N/A

    Edition:

  • binding-icon

    Paperback

    Binding:

₹4041

₹5051

Originally published in 1890, Principles of Economics was the first text to bring together the theories of supply and demand, marginal utility and cost of production into a coherent whole. It introduced a number of new concepts which have formed the building blocks of modern microeconomics and underpin modern day business strategy. Concepts such as; elasticity of demand “ how consumer demand for a good or service is affected by a change in its price; consumer surplus “ the difference between the maximum price a consumer is willing to pay and the price that they actually pay and quasi-rent “ the profit made in the short“term from a product/innovation due to a reduction in supply.Over 100 years after its original publication Principles of Economics continues to influence economic and business strategy. This re-issued classic contains a new introduction by Professor Peter Groenewegen who explores the profound impact that this critical work has had on economic and business thinking.

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