0
microeconomics and macroeconomics.
Wiki User
∙ 13y ago
Wiki User
∙ 11y agofirs day of class walang
kakilala ni isa so..mag maldita
at ingrata ka nalang
Add your answer:
Earn +20 pts
Why is economics sometimes called the study of scarcity and choice?
The reason why economics often called the study of scarcity and choice is that according to Robbin economics deal with satisfying 1.unlimided wants with 2.Limited resources Our resources or income is limited While we have unlimited wants.That's why we go for utility comparisons.while the main purpose of economics is the maximization of utility for an indiviual by using goods through limited income.
What are the division of economics?
microeconomics and macroeconomics
What is difference between economic and managerial economic?
Difference between economics & managerial economics 1) Managerial Economics is micro in character Pure Economics is both micro and macro in character 2) Managerial Economics study only practical application of the Economic principle to the problem of firm Pure Economics deals with the study of principles itself 3) Managerial Economics deals with the Economic problems of the firm while Pure Economics deals with Economic problems of both firm and individuals 4) Managerial Economics deals with profit theory only Pure Economics deals with all distribution theories like rent, wages, interests, and profits.
Give the 2 division of economics?
Micro economics and macro economics
The differentiate between the economics and accounting?
There is a huge difference between the 2. Accounting is the process of managing money while making analytical decisions about money. Economics is the study of incentives i.e. how and why things are produced and to whom it is produced
What are facts about economics?
1) The study of economics comes about because of Scarcity. 2) It is mainly based on assumptions, and what we study usually don't apply in real life.
What are the 2 major divisions of economics?
The two major divisions of economics are microeconomics and macroeconomics. Microeconomics refers to economics on an individual scale, such as a home or business. Macroeconomics refers to economics on a much larger scale, such as a region, nation, or even the entire world, depending on which you want to study.
A fundamental assumption of economics is?
1) People are rational & they use some rational logic in making decisions 2) People are always toying to maximize there self-interest
Why is economics sometimes called the study of scarcity and choice?
The reason why economics often called the study of scarcity and choice is that according to Robbin economics deal with satisfying 1.unlimided wants with 2.Limited resources Our resources or income is limited While we have unlimited wants.That's why we go for utility comparisons.while the main purpose of economics is the maximization of utility for an indiviual by using goods through limited income.
What are the division of economics?
microeconomics and macroeconomics
What is difference between economic and managerial economic?
Difference between economics & managerial economics 1) Managerial Economics is micro in character Pure Economics is both micro and macro in character 2) Managerial Economics study only practical application of the Economic principle to the problem of firm Pure Economics deals with the study of principles itself 3) Managerial Economics deals with the Economic problems of the firm while Pure Economics deals with Economic problems of both firm and individuals 4) Managerial Economics deals with profit theory only Pure Economics deals with all distribution theories like rent, wages, interests, and profits.
After completing 10 2 with maths -physics- chemistry are you eligible to join Delhi School of Economics for studying BA honours in Economics?
yes you can get admission in delhi schoolof economics,because science student can get admission whether in commerce,in arts,but mind well my friend its not easy for science student to study economics
Why economic is an science?
Economics is considered an empirical science because it is a science based on observations of experiences.It has to do with people. People change. So that makes economics an empirical study. It's not like maths (1+1= 2 principle doesn't make sense in economics).
Give the 2 division of economics?
Micro economics and macro economics
Why is economic an empirical science?
Economics is considered an empirical science because it is a science based on observations of experiences.It has to do with people. People change. So that makes economics an empirical study. It's not like maths (1+1= 2 principle doesn't make sense in economics).
The differentiate between the economics and accounting?
There is a huge difference between the 2. Accounting is the process of managing money while making analytical decisions about money. Economics is the study of incentives i.e. how and why things are produced and to whom it is produced
What are the classifications of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
