Economics is one among the foremost vital subjects in Arts, Commerce and Business Management. Social science is one among those few subjects that speak unrelentingly at the individual firm level (micro-economic) and at national or international level (macro-economic).
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The rest of the market conditions like noncompetitive competition, Oligopolistic competition, Oligopoly, Duopoly, etc fall in between the 2 extremes of market conditions. The idea of market condition is very important as a result of a firm can act otherwise in numerous market conditions. So, a radical data of market conditions is extremely essential within the study of social science.
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