if resources were in abundant there would have been no need to study economics why?
what is production
The efficient use of scarce productive resources.
In simple words it is a twin theme of Economics or i think it is best definition of Economics as followingGoods are scarce and our Society must use it Efficiently.scarcity-insufficient of resources like land,labour,and capital.efficiency-maximum use of resources.
Scarcity is the concept that resources are finite. If resources were infinite, society would have to find some other method of assigning value to their distribution.
Give and explain five reasons why you would recommend the study of economics to a business student?
The study of economics is important because without it we would not be able to understand the impact of the developments in business, society, and the world economy. It also allows us to comprehend the decisions of households, firms, and government based on human behavior, beliefs, structure, constraints, and needs. The study of economics is important in the sense that it teaches us how to make rational use of our scarce resources in order to meet our unlimited wants.
The efficient use of scarce productive resources.
4 Economics
4 economics
economics.. its wrong stupid
In simple words it is a twin theme of Economics or i think it is best definition of Economics as followingGoods are scarce and our Society must use it Efficiently.scarcity-insufficient of resources like land,labour,and capital.efficiency-maximum use of resources.
Scarcity is the concept that resources are finite. If resources were infinite, society would have to find some other method of assigning value to their distribution.
What is the study of production, consumption, and transfer of wealth? The answer would be economics.
Give and explain five reasons why you would recommend the study of economics to a business student?
The study of economics is important because without it we would not be able to understand the impact of the developments in business, society, and the world economy. It also allows us to comprehend the decisions of households, firms, and government based on human behavior, beliefs, structure, constraints, and needs. The study of economics is important in the sense that it teaches us how to make rational use of our scarce resources in order to meet our unlimited wants.
The study of economics is important because without it we would not be able to understand the impact of the developments in business, society, and the world economy. It also allows us to comprehend the decisions of households, firms, and government based on human behavior, beliefs, structure, constraints, and needs. The study of economics is important in the sense that it teaches us how to make rational use of our scarce resources in order to meet our unlimited wants.
Economics study money and coupons invole money so thats the answer
As part of his degree in Political Science at Columbia University, he would have taken courses in Economics.