economy can be divided into 3 main sectors
The primary sectors: This sector includes farming and raw material (mining)
The secondary sector: This sector include all manufactured goods (using resources from the primary sector)
Tertiary sector: This sector includes all the services in an economy.
What is the resourses economics of that area is
Economics will tell you what kind of industries make money for the people of an area and the area as a whole.
10 definition of economics by defferent authors
Positive Economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
The term business economics is used in different ways. Sometimes it is used synonymously with industrial economics/industrial organization, managerial economics, and economics for business.
Bet you did not know that Anthropology relates to Economics. Anthropology relates to economics by the different ways the economy works in a number of societies.
Economics is not a specialized skill, rather, an area of study. One cannot economic something.
Positive economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
No thank you.
Describe the meaning of utility in economics and explain why it is different from one consumer to another.
micro economics is that branch of economics which study about individuals, households and firms whereas macro economics is a study of whole economy.
The different between them is that the word economics and economic.