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Answered 2010-08-06 05:06:04

Define it as: the science of understanding how man maximises his outcomes in conditions of scarcity.


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Economics is a science of wealth.

He defines economics as a political science in the production and distribution of wealth.

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

Economics is the science that studies the coordination of human activity and the distribution of human products to satisfy individual and collective wants.

science of the production and distribution of wealth.

No. Economics is the study of exchanges, their motivations and their impacts. An understanding of economics will help you in almost all facets of life, including how to efficiently run a business.

Robbins define Economics as the science which study human behaviour in relation to ends and scares means which have alternative uses.

Economics is the social science concerned with the production, distribution, and consumption of wealth and the allocation of scarce resources in order to meet apparently unlimited human wants.

what is Economics? Economics is how wealth is developed, managed, and divided.

why economics is considered as a science?

Economics is a social science.

how does economics evolve as a science?

Economics is a science.

economics is a science of scarcity

Economics is the study of the mechanisms by which humans allocate resources. As such, it is a study of human behavior. Human behavior is not derived from physical laws (or, sometimes, even rational decisions), so it falls outside the realm of "hard" science.Economics is a social science because it is the study of the distribution of wealth, consumptive patterns, and means of production. Social stratification determine all of these attributes of economics, and thus economics is a social science.

Yes, economics can be considered a science.

Economics is the study of wealth and its distribution.

There are three attributes on wealth in economics. These may differ from what most people think of when they think of wealth. The attributes are marketability, scarcity, and utility.

Economics is a branch of science of human behavior.

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