Principle of Economics - Mind Map

Principle of Economics

Nature and scope of economics

Factors of production

Consumer behaviour

Demand

Supply

Law of supply

changes in supply curve

Market equilibrium

Laws of returns

law of increasing return or law of decreasing cost

Relationship between input and output and how producer analyse the cost and profit with production decision.

Public finance

public revenue

tax revenue and non tax revenue

budget

zakat and tax

public debt

public expenditures

direct and indirect taxes

Money and its value

National income

Theory of distribution

Perfect Competition

Monopoly

Characteristics of monopoly structure

Short and long run equilibrium

Product,cost and revenue

Business cycle

Trade cycle determine the current position of any country

Theories of trade cycles

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