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Anybody help me please provide me the best of understanding AD and AS PLEASE [email protected]

Posted by Sameer Ahmad Ansari 5 years ago

CBSE > Class 12 > Economics

1 answers

Abhishek Attri 5 years ago

AD refers to the total value of final goods and services which all the sectors of an economy are planning to buy at a given level of income during the given period of time. AD=C+I+G+(X-M)... Components: 1.Household consumption expenditure (C) 2.Private Investment expenditure (I) 3.Govt. expenditure (G) 4.Net exports (X-M) .................AS refers to money value of goods and services which all the producers are willing to sell at the given price during a given period of time... AS=C+S

1Thank You

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CBSE > Class 12 > Economics