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economics is the social science that deals with how the society allocates its scarce resources among its unlimited wants and needs
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What are the 3 types of economics?
Economics is the social science that analyzes the production, distribution, and consumption of goods and services.
What is the difference between econometric and mathematical economics?
Econometrics analyzes real-world data. Theory writes mathematical models.
What is economical influence?
Socioeconomics (also known as socio-economics or social economics) is the social science that studies how economic activity affects social processes. In general it analyzes how societies progress, stagnate, or regress because of their local or regional economy, or the global economy.Source:wikipedia
What is the difference between Economics and Managerial Economics?
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. According to Lionel Robbins, Economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. Managerial economics, used synonymously with business economics, is a branch of economics that deals with the application of microeconomic analysis to decision-making techniques of businesses and management units. According to McGutgan and Moyer, "Managerial economics is the application of economic theory and methodology to decision-making problems faced by both public and private institutions".
What is descriptive economic?
Descriptive Economics, or Positive Economics, is the branch of economic inquiry that analyzes and explains economic phenomena as they are, without making any statements about how they ought-to be. (this according to the Economy Professor website)
What is the relationship of economics and socialscience?
Economics is the ssc that analyzes the production, distribution and consumption of goods and services.
What are the 3 types of economics?
Economics is the social science that analyzes the production, distribution, and consumption of goods and services.
What do economic questions deal with?
Economics analyzes the production, distribution, and consumption of goods and services. Economics tries to explain how economies work and how economic elements interact.
What is the difference between econometric and mathematical economics?
Econometrics analyzes real-world data. Theory writes mathematical models.
How is a traditional economy different from a market economy?
Traditional economics could be related to neoclassical economics. Where individuals are altruistic. Basically everyone is out to compete and make a profit. It also categorizes and analyzes the social interaction in a market.
What is the importance of managerial economics for an enterpreneur?
The importance of managerial economics for an enterpreneur is to help him to choose the right venture after taking effective analyzes of both fianancial and general situations that can positively or negatively affect a business. It is therefore important for every enterpreneur to have a fair knowledge in managerial economics.
How is economic like a sciene?
Economics makes uses of mathematical, logical, and empirical models to reach objective conclusions about the nature of some phenonmenon in the real world. This involves theory and experiments which are falsifiable and repeatable.
What is the difference between technology and sciene?
Well all i can say is that you use sciene to make technologie.... - Beli-wa
What is economical influence?
Socioeconomics (also known as socio-economics or social economics) is the social science that studies how economic activity affects social processes. In general it analyzes how societies progress, stagnate, or regress because of their local or regional economy, or the global economy.Source:wikipedia
What is secretarial science?
sciene that does something
What do you have to study to become a biologist?
you have to sciene
What are some myriad numbers?
Sciene
