1st yr economics student and currently doing calculus for the first time.
In the first derivative, does the limit of $h$ or delta $x$ always go to $0$? Is this a general rule or does it depend on the curve? For example I'm assuming all upward sloping curves have $h\to0$, would a downward sloping curve therefore have $h\to$ infinity when going towards the $x$ axis?
Also why does this happen? I'm guessing its because to find the gradient between the higher point of a curve and the lower point, you would travel towards the origin and therefore $h\to0$; is this correct or have I misunderstood?
Very confused at the moment as to whether the first derivative is universal or depends on the properties of the curve.

You have misunderstood. Intuitively the idea is that we are trying how much the function changes in a small interval around a point $x_0$. What we do is pick points close to $x_0$ and calculate the slope of the tangent line. Those are points of the form $x_0 + h$ where $h$ is a small quantity. To find the behavior in $x_0$ we let $h \to 0$, this is, we explore points infinitely close to $x_0$. This is independent of the function, it’s just the way we approach the point we want to explore.