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Microeconomics for Small Businesses: Pricing, Profitability, and Business Success
Understanding Microeconomics for Small Businesses
Running a small business isn’t just about passion – it’s about making smart, data-driven decisions. In this blog, discover how core microeconomic concepts like demand and supply, opportunity cost, and price elasticity can help you set competitive prices, optimize costs, and build a sustainable business. Perfect for entrepreneurs, freelancers, and small business owners looking to thrive in competitive markets.
Anjuli Gupta
May 145 min read
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How Tara Used Economics to Turn Her Candle Business Around — A Small Business Strategy Story
When Tara’s candle business hit a wall, it wasn’t marketing or creativity that turned things around — it was economics. From opportunity cost to sunk cost, learn how basic economic thinking helped her make smarter decisions, raise profits, and rediscover confidence as a business owner. A must-read for entrepreneurs who want to combine passion with profit.
Anjuli Gupta
Apr 143 min read
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Why Every Entrepreneur Should Understand Basic Economics
Most entrepreneurs focus on marketing and tech — but real growth often comes from understanding economics. Learn how core concepts like elasticity and opportunity cost can help you make smarter business decisions.
Anjuli Gupta
Apr 134 min read
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The Economics Behind Streaming Services: From Ownership to Access
Explore the economics behind streaming services and how the subscription revenue model has reshaped consumer behavior.
Anjuli Gupta
Oct 23, 20246 min read
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How Can I Prepare Effectively for Economics Exam and Maximize My Scores?
Looking to ace your economics exam? Discover expert tips to prepare effectively and maximize your scores and also understand the top mistake
Anjuli Gupta
Mar 14, 20245 min read
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Understanding Wage Disparities: Key Factors Behind Wage Differentials in the Labor Market
Explore the key factors behind wage differentials in the labor market, from skills and geography to gender discrimination.
Anjuli Gupta
Oct 10, 20234 min read
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Understanding Transitional Economy: Challenges & Opportunities
Transitional Economy : Command to Market The economic system of any country identifies the means by which households, firms, and the...
Anjuli Gupta
May 14, 20234 min read
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The Value of Unpaid Care Work:Recognizing and Redistributing Responsibilities for a Stronger Society
Discover the importance of recognizing and redistributing the value of unpaid care work for a stronger society.
Anjuli Gupta
May 2, 20234 min read
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The Evolution of Economic Thought: A Journey Through Time
Evolution of Economic Ideas The most interesting part of learning economics is to realize that it is not one person’s idea and theories...
Anjuli Gupta
Apr 5, 20234 min read
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AI vs. Jobs: Understanding the Impact on Labor Market
Exploring the impact of AI on labor markets - are robots really taking over?
Anjuli Gupta
Mar 29, 20233 min read
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