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Answered 2010-09-23 18:51:27

what is the defination of Economics

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Feliciano Fajardo defines economics as the correct and efficient use of resources. These resources should be used so that the greatest benefit is received by the people.

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someone who specializes in economics :)

The basic economics are culture, taxes, money, trade, goods and buisness.

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

The comparism between the definition of economics given by Alfred Marshall & Robbins is that it both studies human behaviors.

The best definition is that by Lionel Robins, "Economics is the social sciences which studies human behavior as a relationship between ends and scare means which has alternative uses"

Economics is the branch of social science that deals with the production and distribution and consumption of goods and services and their management,

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The conditions that give rise to the brief definition of economics is the law of supply and demand. Markets fluctuate according to how much is produced and how much is sold.

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You nailed it; it is definition, as you have in your question.

absolutely No. Economics is an academic discipline, like philosophy, algebra, music and chemistry. As such, it is not generally capitalized. However, when discussing a specific academic course at a learning institution, such as "Economics 101", or "Industrial Economics", it is proper to capitalize. Correct: Ayn Rand's understanding of economics was naive. Correct: I'm certain I passed my Economics and Asian Anthropology exams. Incorrect: I enjoy learning about Economics and Literature.

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.

The definition of correct would be something that coincides with the truth and is free from error. Something that is factual and accurate would be correct.