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How can studying economics help us make better choices about how to use scarce resources?
Wiki User
∙ 13y ago
The study of economics is essentially the study of how to intelligently distribute limited resources in order to best satisfy unlimited wants.
Wiki User
∙ 13y ago
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What is principle of economics?
How a society produces thing to meet their needs from available resources and how society allocate those resources among members of society based upon the contribution made and other factors. Clearer question: better answer.
Which one is better to take Bsc Economics OR BBA Hons?
BSc economics is better than BBA due to Governmental prestige considered in Bsc economics but not in BBA.
Four reasons why you should study economics?
Economics is a study of choices exist results from unlimited wants and scarce supply. It basically explain how household, firms, government and international sectors operate in goods market, money market, resources market and treasury market. Business student basically involve with the study of management which is part of firms operation in both goods market and resources market in economics. In other words, management and business are subset to economics.
What are the importance of economics in business studies?
Economics are important because understanding them helps managers make decisions. The more managers understand economics, the better they will be at pricing products and offering salaries to their employees.
What is the need of subject managerial economics for the engineering students?
Engineering students need managerial economics so that they can better understand how they help their business. With a broader view of their contribution to the organization, they are able to do a better job.
What is principle of economics?
How a society produces thing to meet their needs from available resources and how society allocate those resources among members of society based upon the contribution made and other factors. Clearer question: better answer.
Which one is better to take Bsc Economics OR BBA Hons?
BSc economics is better than BBA due to Governmental prestige considered in Bsc economics but not in BBA.
In which country it is better to earn money while studying, Canada or Australia?
I would say Australia for sure because the population is very low and they need human resources
What is the result of studying?
Better understanding and better grades.
Four reasons why you should study economics?
Economics is a study of choices exist results from unlimited wants and scarce supply. It basically explain how household, firms, government and international sectors operate in goods market, money market, resources market and treasury market. Business student basically involve with the study of management which is part of firms operation in both goods market and resources market in economics. In other words, management and business are subset to economics.
Will studying science help you become a better-informed person?
Studying anything helps you become better informed! The more you learn, the smarter you'll get.
Economics may best be defined as the?
"A number of assumptions designed to prove that perfect competition is better than imperfect competition" :) Ok, in my opinion, it is "a branch of sciences that studies markets"
Does studies say that studying help your grades?
It is confirmed that studying is very effective when it comes to better grades in school. Studying for test, exams can refresh what you have already learned and will give you a better chance at great grades.
Where are better agriculture resources?
where there is maximum possibility of nitrogen compounds there will be better agriculture resources
Are Tamron lenses good choices compared with the Canon ones?
No, they are not better than Canon's choices.
Which is better studying or working after the graduation from university?
working
What are the effect of tourism in the society?
Generally, it's better economics.
