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Rational People Think at the Margin

  • Post author:Dnyanoba Gutte
  • Post category:Business and economics/General studies for UPSC and MPSC/Marketing and business communication/Microeconomics and macroeconomics

Someone well said that decisions in life are hardly black and white. It means that person, a rational being, know how to make best out of available opportunities while making…

Continue ReadingRational People Think at the Margin

People respond to incentives 

  • Post author:Dnyanoba Gutte
  • Post category:Business and economics/General studies for UPSC and MPSC/Marketing and business communication/Microeconomics and macroeconomics

In market, prices of commodity consumers want determine the demand of given commodity. Because, more the prices, lesser the demand due to no willingness or ability to pay the rising…

Continue ReadingPeople respond to incentives 

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