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ICAI has introduced this paper, Business Economics and Business and Commercial Knowledge at the CA Foundation Level where you are taught the basics of Business economics – Demand, Supply, Production, cost, Price determination in different markets, Business cycles, and the basics of Business and Commercial knowledge – Business environment, business organisation, Government policies, Organisations facilitating the business, common business terminology.
A goal should scare you a little and excite you a lot. All the best! 😉
Topics covered under each part are as follows