What is economes?

Answer 1

Economics is the study of the production, distribution, and consumption of products or goods and various different services. It is an integral part of the business along with finance, healthcare, and government organizations. Generally, economics is the study of society's nature for how it uses limited resources.

Answer 2

The adjective "economic" applies to an "economy", often specifically to some region, country, state, or local area. Economics includes retail sales, trade, public works, capital management, and other financial activity. It pertains to fiscal activities by governments, corporations, and private businesses.

Answer 3

The branch of social science that deals with the production, consumption and distribution of goods, services and their management. This includes capital and raw materials as well as labor and more abstract resources.

Economics can be defined as the study of human commercial transactions and the various forms of social organization that facilitate such transactions.

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It can also be defined as the study of how individuals and nations make decisions on how to use scarce resources to fill unlimited wants and needs.

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The word economics comes from a Greek word Oikou-Nomos or Oikonomia, meaning "household management".

---Economics can also be defined as "The study of choice making by individuals, institutions, societies, nations and the world, under conditions of scarcity and surplus, towards maximizing benefits and satisfying the unlimited present and future needs." The subject Economics is defined as the "Study of choices by all in maximizing production and consumption benefits with the given resources of scarce and surplus, for present and future needs."

The branch of social science that deals with the production, consumption and distribution of goods, services and their management.

The study of how individuals and nations make decisions on how to use scares resources to fill the unlimited wants and needs

One other definition is:

Economics is social science that studies the relationship between unlimited ends and relatively scarce resources which have alternative uses.Economics is a science which study humans behavior in a relationship between end and scarce means.

Answer 4

To economize is lower expenses, to spend less on monthly bills. When it comes to a car, to economize means to spend less on fuel and other costs incurred.

Answer 5

Economic is the use of minimum time or resources necessary for a particular effectiveness.

Answer 6

efficiency