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Micro Concept: Assumed Mean
When we say a number is +23 then we mean it is 23 more than 0. similarly, when we say a number is equal to -10 that means that number is 10 less than 0. So the standard…
Read More »Micro Concept: Constant Product (Percentage Change)
A lot of times, we come across a situation when the product of two quantities is the same across two situations. For example, you have 100 rupees to purchase coconuts. The price per coconut is 25 rupees so…
Read More »Micro Concept: Building Vocab through root word
The construct of the literature of a language begins with “letters”. When these letters are arranged in a proper sequence then make sense, these sequences are called words. The collection of all the words used in a language…
Read More »Micro Concept: Successive Percentage Change
“The process of changing an initial value more than once is called successive change. When these changes are represented in percentage changes then it is called successive percentage change.” A good moving from a producer to a customer…
Read More »Micro Concept: Percentage Change
According to investopedia.com website, “Percentage change is a simple mathematical concept that represents the degree of change over time.” There are two values involved here, initial and final. The formula of percentage change can be written as :…
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