Agri Economic

Explain the Concept of Consumer Surplus with diagrams

by
Concept of Consumer Surplus

The concept of consumer surplus is important in economics. Consumer surplus is defined as the difference between the willingness of a consumer to pay for a product and the actual amount that the consumer ends … Read more

Agricultural Economics : Importance, Nature, and Scope

by
agricultural economics

Agricultural Economics is an applied field of economics in which principles of choice are applied in the use of scarce resources such as land, labor, capital, and management in farming and allied activities. In this … Read more