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How do consumers and producers make choices in trying to meet their economic objectives?
How do consumers and producers make choices in trying to meet their economic objectives?
2.2 Aims.pdf2.2 Extra Essays.pdf2.2 Key Concepts.pdf2.2 Crib.pdfHow do economists model 'supply'?
How do economists model 'supply'?
HIGHER LEVEL
HIGHER LEVEL
The assumptions underlying the law of supply
The assumptions underlying the law of supply
- The Law of Diminishing Returns
- Increasing marginal costs
Jean Baptise Say
Jean Baptise Say
Born: January 5, 1767, Lyon, France
Died: November 15, 1832, Paris, France
Main contribution to economics;
Say's Law
Further Reading & Research
Further Reading & Research
Journal Articles
Blaug, Mark. “Say's Law of Markets: What Did It Mean and Why Should We Care?” Eastern Economic Journal, vol. 23, no. 2, 1997, pp. 231–235. JSTOR, www.jstor.org/stable/40325773
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