Economics can be described as the study of the production and distribution of resources in the society. The resources include time, capital, skills, property etc. These resources are meant for the well-being of the people. Resources that meet the needs and expectations of the community give satisfaction and a sense of well being for the general population. Economics thus involves the study of human behaviour and trends of establishments to achieve satisfaction. Two divisions of economics are there-microeconomics and macroeconomics. Macroeconomics looks at the subject in a broad manner, like the utilization of resources pertaining to a country or a large society. Microeconomics perceives the subject at the level of people and organizations and their response to price changes.