Economics Archives

Economics Blogs

At DHGutte Blogs, we provide a platform where you can find informative and insightful economics blogs. Our blogs cover a wide range of important topics in the field of economics, including microeconomics, macroeconomics, and day-to-day business

Simplify complex economics concepts

We understand that economics can be a complex subject for many people, which is why our goal is to simplify all the economics concepts and theories. Whether you are a student, professional, or simply someone with an interest in economics, our blogs are designed to provide you with valuable knowledge and understanding.

What makes us different?

Our team of expert writers and economists work diligently to ensure that our blogs are accurate, up-to-date, and easy to comprehend. We strive to break down complex economic concepts into simple and relatable terms, making it accessible to everyone.

By following our economics blogs, you will gain insights into various economic phenomena, understand how different factors impact the economy, and stay informed about the latest trends in the business world.

So, whether you want to enhance your knowledge, prepare for an exam, or simply stay updated with the latest economic news, our economy blogs are here to help you.

DHGutte Articles and Blogs

Public finance: income and expenditure

Economics / Dnyanoba Gutte

Any welfare state always think about the wellbeing of it’s citizens. To make it true, it plays various roles and functions. Public finance is one of them. It plays vital role in resource management and economic development of nation. Basically, it is the study of government maneuvering how does it adjust it’s revenue and expenditure […]

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Relationship Between Marginal Utility and Total Utility

Economics / Dnyanoba Gutte

Undoubtedly, utility is the best yardstick to judge and understand consumer behaviour and decision making of both consumers as well as producers. The concepts of marginal utility and total utility play a crucial role in understanding and determining demand of product. In this blog post, “Relationship Between Marginal Utility and Total Utility” we will explore

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Marginal Utility: Role and importance

Economics / Dnyanoba Gutte

Capacity of a commodity to satisfy human want is termed as the utility of commodity. There are various forms of utilities like: form, place, time, possession, and information utilities. Further, marginal utility is a measure of the additional satisfaction a consumer derives from consuming one additional unit of goods and services. In this blog, “Marginal

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Understanding utility in economics

Economics / Dnyanoba Gutte

The capacity of a commodity to satisfy human want is known as the utility of the given commodity. Utility plays important role in understanding the behaviour of consumers and enable producers to allocate resources accordingly. Obviously, consumers always choose the product that offer more utility values comparatively. In this blog post, “Understanding utility in economics”

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Fundamentals of economics

Economics / Dnyanoba Gutte

Economics is a scientific social science discipline that studies how individuals, businesses, governments, and societies allocate resources to satisfy their unlimited wants and needs. It is a complex field that can be divided into two main branches: microeconomics and macroeconomics. Microeconomics deals with the individual units in terms of how and why the individual firm

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Understanding the Basic Principles of economics

Economics, UPSC and MPSC notes for general studies / Dnyanoba Gutte

Being the social science discipline, Economics is a complex field that revolves around the study of how individuals, businesses, and governments make decisions and allocate resources to satisfy their wants and needs. At the core of this discipline are a set of principles that guide economic decision-making and analysis. Let’s begin understanding the basic principles

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Difference between monopoly and oligopoly markets

Economics / Dnyanoba Gutte

In the monopoly market, single seller enjoys all the favourable conditions, and decides market price in the absence of others. Whereas, in oligopoly market, there are more than two players enjoy all the available benefits and they collectively determine price of product. This is the difference between monopoly and oligopoly markets. Monopoly vs duopoly vs

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Understanding the law of demand and supply

Economics / Dnyanoba Gutte

In economics, the law of demand and supply is the most fundamental law helps to determine the prices of commodities. It is useful for both producers and consumers as it guide them when and how much to produce and how much to buy. This article would be easy guide in understanding the law of demand

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Country’s standard of living depends on it’s ability to produce

Economics / Dnyanoba Gutte

Is it correct to say that “Country’s standard of living depends on it’s ability to produce goods and services?” if yes, then how does it results? Why do economists assert that a country’s standard of living depends on it’s ability to produce goods and services? What is the relationship between productive capabilities of nation and

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Government improves market outcomes

Economics / Dnyanoba Gutte

Not all the time, market is left on the vagaries of sentiments of surplus seeking consumers and producers. If the volatility breaks the tolerance range, government has to step in to recorrect. As a last resort, government improves market outcomes. List of 10 basic principles of economics 1.People face trade offs2.The cost of something is

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