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What are the differences between microeconomics and macroeconomics?

Differences Between Microeconomics and Macroeconomics:  The study of economics is divided into microeconomics and macroeconomics by the modern economists. Both of them discuss the economical activities but are used in different sectors under different circumstances. In spit of having some similarities, they also have some differences which have been given below. Also Read: What are … Read more

What are microeconomics and macroeconomics?

The study of economics is divided into microeconomics and macroeconomics by the modern economists. Both of them discuss the economical activities but are used in different sectors under different circumstances. Microeconomics:  The word “Micro” has come from a Greek word “Mikros” which means millions of parts. Microeconomics discuss about individual parts of the whole economy. … Read more

What are the three problems of economic organizations? How can the three problems of economic organization be solved in free and mixed economics?

Three Problems of Economic Organizations: In every economy; economic organizations, irrespective of their type, have to face and solve three problems of economics. These three problems are as follows, What commodities are produced & in what quantities. How goods are produced. For whom goods are produced. Description and solution to these problems in fee and … Read more

Define Economics / Definition of Economics / What is Economics ?

          Economics : The word ‘Economics’ has been originated from the Greek word ‘Oikonomia’ which means ‘Management of household wealth’. As being social, humans face various wants and needs. Economics is all about those activities which occur to fulfill these wants and needs. In fact, Economics describes the economical activities of humans … Read more

Define the term Solution / What is Solution in Chemistry?

       Solution : Whenever two or more than two non-reacting substances are mixed, the resulting system is called a mixture. A solution is a homogeneous mixture of two or more substances in their molecular level.              The component having the same physical state as that of the resulting solution is called solvent, the other … Read more

What are inert gases ? why are they so called ?

               Inert gases : The elements of the zero group of the periodic table are known as inert gases. They are also known as noble or rare gases. The inert gases are six in numbers. They are, i)      Helium (2He) ii)    Neon (10Ne) iii) Argon (18Ar) iv) Krypton (36Kr) v)    Xenon … Read more

Write a short note on Chemical Kinetics.

         Chemical kinetics : The branch of physical chemistry which deals with the study of the speed or rate of chemical reactions and also the explanation of their mechanism is called chemical kinetics.            The study of chemical kinetics includes, i)        The rate of a reaction and rate laws. ii)    The … Read more

What do you mean by conjugate acid-base pair ?

           Conjugate acid-base : The base formed by the donation of a single proton by an acid is called the conjugate base of the acid. Similarly, the acid formed by the acceptation of a single proton by a base is called the conjugate acid of the base.            Conjugate acid-base pair : … Read more

What are the differences between order and molecularity ?

Differences between order and molecularity: Order No. Molecularity It is the sum of powers of the concentrations in the rate law expressions. 01 It is the number of molecular of reactants taking part in an elementary reaction or in a rate determining step of a complex reaction. Order corresponds to the overall reaction. 02 Molecularity … Read more