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2014-05-14 22:35:38
2014-05-14 22:35:38

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.


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

Economics is a science of wealth.

Economics is the study of wealth and its distribution.

Economics can help you in many aspects.The definition of economics is - "An inquiry into the wealth of nations"-Adam Smith Therefore economics helps us to understand the wealth scenario of environments not necessarily restricted by size.

What is the study of production, consumption, and transfer of wealth? The answer would be economics.

Equal distribution of wealth is associated with the ideas of Communism and Socialism.

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

Law means rule of conduce while economics means the knowledge of wealth and serves. Law is necessary for collect wealth and done serves.

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.

Economics is about the production and distribution and ownership and taxation of goods, services, and wealth.

The wealth is a collection of property, money and finally, goods and services that a person possesses as assets.

They are talking about how nations acquire 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.

Economics is described as the study of production, distribution, and consumption of goods an services, along with the transfer of wealth.

Because that's what the study of economics is.

"An inquiry into the nature and causes of the wealth of nations."

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.

science of the production and distribution of wealth.

Profit maximization. Also called maximizing shareholder wealth.

Adam Smith wrote "The Wealth of Nations" .

No, that is Adam Smith. He wrote a book called 'the Wealth of Nations'. The fundamental ideas of modern economics have been stated in that book.

problem on economics will be solve if we are going to start it to ourselves and if we will just learn how to be just the same although you are surrounded by wealth ..inshort stop corruption.

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