Economics is a study of scarcity and choice. Scarcity means that human wants are always greater than the available supply of time, goods, services and other resources. The study of economics is divided into two branches. These are micro economics and macro economics. The micro and macro economics are derived from the Greek words. Micro means small and the macro means large.

We have explained various topics of both micro and macro economics in easy and simple language. We hope they will be helpful in your studies.