Economics

Social Audit: Meaning, Objectives, and Methods

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What is Social Audit? The term ‘social audit’ may be explained in several ways. As far as common understanding goes, it is an important assessment of how well a company has discharged its social obligations. However, experts see it as a systematic and comprehensive evaluation of a company’s social performance’ which is explained as a … Read more

Microeconomics and Macroeconomics: Importance, Features, Difference

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What is Microeconomics? Microeconomics is the study of the economic actions of individuals and small groups of individuals. Thus microeconomics may be defined as that branch of economic analysis that studies the economic behaviour of the individual unit a person, a household or a firm. Definition of Microeconomics When economic problems or economic issues are … Read more