Synopsis The University Grants Commission, New Delhi, has recommended a syllabus for+3 students of Commerce known as ‘Business Economics’. The knowledge about the working of the economy, price system, market structure, factors of production, pricing of factors etc. are of immense value for student in their higher study. The students of BBA, MBA, bankers and others preparing for competitive examinations are also required to have fundamental knowledge about Business Economics. Hence, an attempt has been made in this book to fill the long felt needs of the+3 students of Commerce. The authors on the basis of their long standing teaching experiences have tried their best to provide the subject matter in the lucid and easily understandable manner. Lengthy descriptions are avoided and the main points are highlighted in this book. It is hoped that the book will be appreciated by the students community as well as by teacher fraternity.