Economics is defined as the science of behaviour study of individuals, groups, organizations and their management of scarce resources, which may have alternate usage to achieve the desired end product or service. The organizations, or agents, as it is called in economic parlance have limited means but multiple ends for the fulfilment of their desire. An economic problem exists which is studied through economic science and an outcome- based decision is made by one or more controlling agents to achieve the best result under rational conditions (Parker, 2002). The idea is to maximize the options based on the scarcity of resources and the cognizance of minds to take a rationale decision. The economic science is centred on the agents that form the larger society. Economics tries to study the processes that control the production, distribution and consumption of goods and services in an exchange based economy. The continuous exchange or trade between the economic actors makes a reason for the continuous deviation of prices for all the goods and commodities, which in larger form takes care of managing the scarce resources. The choice that these agents make will in-turn, result in their outputs or production results and also determine the distribution, capital and land cost (Tiebout, 2007). The actors or economic players influence the pricing process of the economy and are influenced by them till a stage of equilibrium is reached or there is a shift in the new equilibrium point.