Economics Concepts In English: A Comprehensive Learning Tool
Economics Concepts In English is an Android application designed for students who want to learn economics from basic to advanced concepts. The app covers a wide range of topics, including scarcity, production possibility frontier, demand and supply, elasticity, utility, and more. Developed by Students-App, this educational tool is completely free to use.
The app starts with an introduction to economics, explaining what economics is and why it's important. It then moves on to cover the basics of micro and macroeconomics, including concepts such as opportunity cost, trade, comparative advantage, and absolute advantage. The Law of Demand and the Law of Supply are also explained in detail.
One of the most helpful features of this app is the detailed explanation of elasticity, including factors affecting demand elasticity, availability of substitutes, amount of income available to spend on the good, and time. The app also covers the concepts of utility and monopolies, oligopolies, and perfect competition. Overall, Economics Concepts In English is a great tool for students looking to learn the fundamentals of economics in a clear and concise manner.
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