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Choose us for all the needs of your Economics Classes in Gurugram. Another major topic of microeconomics is the cost and production theory, in which students are taught how companies reduce costs and maximize profits by understanding concepts such as marginal cost, average cost, and economies of scale. Case studies of large companies and their production methods are demonstrated to make the concepts memorable. Macroeconomics: This stream covers the economy at large and addresses national and international issues. Students are exposed to macroeconomic concepts such as GDP (Gross Domestic Product), national income, inflation, unemployment, and the monetary system. We use figures from real economies to illustrate how these indicators affect the overall well-being of a nation's economy. We are the provider of Economics Classes in Gurugram. For instance, we address the effect of inflation by discussing prevailing price movements in commodities, or we outline unemployment in case studies of economies.
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