ECONOMICS Economics It is the study of how the forces of supply and demand allocate scarce resources. Subdivided into microeconomics, which examines the behavior of firms, consumers and the role of government; and macroeconomics, which looks at inflation, unemployment, industrial production, and the role of government. Microeconomics It is the study of the behavior of small economic units or specific subgroup such as that of individual consumers or households. Macroeconomics It is the study of …showed first 75 words of 3288 total…

…showed last 75 words of 3288 total…and skills of the manpower involved. Education sector will be benefited in the following ways. a) Better administration skills b)<Tab/>Faster decisions c)<Tab/>Quality teaching and training d)<Tab/>Optimization of available resources Productivity will also have a positive effect on Infrastructure due to application of latest technologies. It will lead to the growth and value addition of the Education industries.