Microeconomics Concepts Julia Nguyen, August 31, 2024April 8, 2025 Needs vs Wants Shortage vs Scarcity Economic Resources Trade-off and Opportunity cost Demand and Factors Affecting Demand Supply and Factors Affecting Supply Demand, Supply and Price Market Structures Types of Business Organisations Julia NguyenJulia is a professional with nearly a decade of experience in corporate finance and financial services. She holds two master’s degrees—a Master’s in Finance and an MBA, both of which reflect her dedication to business excellence. As the creator of helpfulmba.com, she aims to make business concepts approachable to a wide audience. When she isn’t working or writing for her website, Julia enjoys spending quality time with her child, preparing healthy meals, and practising meditation, finding balance in both her professional and personal life. Economics