Course Content
Basic Concepts on Economics
This lesson provides the description of goods and students are able to define goods and classify them on different basis.
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Concept, Definition, nature and subject matter of economics
This lesson contains the basics of economics. After completion, students will be able to define economics
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Market
This lesson explains about the basic concept of market. After studying, students will be able to explain about market
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Land and Rent
This chapter explains about the factors of production and Land as a Factor of production
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Labour and Wage
This Lesson describes about Labour and also explains its characteristics. After studying, students will be able to define labour and show the different characteristics of labour.
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Capital and Investment
This Lesson describes Capital. After studying, students will be able to explain about capital and distinguish between different types of capital.
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Organization and Profit
This topic will dal with the concept of organization and profit.
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Theories of Population
This topic will discuss about various theories of population.
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Learn Principle of Economics with Rahul
About Lesson

Law of supply is stated as follows:

Other things remaining the same, as the price of a commodity raises its supply is extended, and as the price falls its supply is contracted. The quantity offered for sale varies directly with a price i.e., higher the price the larger is the supply, and vice versa. Thus, there is a positive or direct relationship between the price and quantity of a commodity supplied. The supply curve, as shown in the figure, slopes upward from left to right.

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