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Economics is concerned with how the economies of nations, or of the world as a whole, are functioning. This involves such things as banking and currencies, tax policies, commerce, employment, and general levels of prosperity vs. poverty.
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Is economics the study of mankind in the ordinary business of life?
No, economics is the study of how people deal with the condition of scarcity with limited allocations of resources.
What does the study of economics include?
Economics is the study of wealth and its distribution.
Why is it necessary to study economics?
Because Economics is a Study of Body of Knowledge.
What is the study of economics an important exercise?
why is the study of economics an important exercise
How does the study of economics depend upon the phenomenon of scarcity?
Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi
Is economics the study of mankind in the ordinary business of life?
No, economics is the study of how people deal with the condition of scarcity with limited allocations of resources.
What does the study of economics include?
Economics is the study of wealth and its distribution.
Why is it necessary to study economics?
Because Economics is a Study of Body of Knowledge.
What is the study of economics an important exercise?
why is the study of economics an important exercise
What is study of economics called?
It is called economics
What the study of how wealth is created and distributed?
Economics
How schould my study in economics?
In economics you will study how to work in the financial districts and learn how to manage money.
How long have we had the study of economics?
but the study of economics dates back only a few hundred years.
How does the study of economics depend upon the phenomenon of scarcity?
Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi
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.
Is study of economics necessary in a situation of abundant resources?
is the study of Economics necessary in a situation of abundant
What part of economics is involved in the study of economics?
Micheal Jackson
