Unveiling the Building Blocks of the Economy: Principles of Microeconomics by Singh M (Hardcover)

Master the decision-making forces that power individual markets with Principles of Microeconomics by Singh M. This comprehensive hardcover text equips you with a foundational understanding of microeconomics, the branch of economics that explores how households and firms make choices in a world of limited resources.

Understanding Individual Choices:

Principles of Microeconomics goes beyond the national economic picture, delving into the micro-level interactions that shape market behavior. You'll explore how households, driven by wants and needs, allocate their income to consume various goods and services. On the other side, firms grapple with production decisions, considering costs and resource allocation to maximize profits.

The Power of Supply and Demand:

The book sheds light on the fundamental concept of supply and demand, the invisible forces that dictate market prices. You'll gain insights into how consumer preferences, production costs, and external factors influence the supply and demand curves, ultimately determining the equilibrium price and quantity of goods traded.

A World of Markets:

Principles of Microeconomics introduces you to various market structures, including perfect competition, monopoly, monopolistic competition, and oligopoly. You'll learn how the number of buyers and sellers, barriers to entry, and product differentiation influence market behavior and pricing strategies.

Beyond the Market:

While markets play a central role, the book acknowledges the role of government intervention in the economy. You'll explore how government policies like taxes, subsidies, and regulations can impact market outcomes and address issues like externalities and income inequality.

A Foundation for Further Exploration

Principles of Microeconomics by Singh M serves as an essential resource for students embarking on their journey in economics. This book provides a strong foundation in microeconomic theory and analysis, preparing you for further studies in fields like business, finance, and public policy. By understanding the microeconomic principles at play, you gain valuable insights into how individual decisions collectively shape the economic landscape.

Principles of Micro Economics by Singh M [Hardcover]