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Economics is defined as a study of the?

Updated: 4/28/2022

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∙ 7y ago

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choices made by people faced with scarcity

Jedediah Rutherford ∙

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Q: Economics is defined as a study of the?

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Who defined economics as the study of mankind in the ordinary business of life?

alfred marshall

Definition of economics by William nordhaus?

William NOrdhaus defined economics as the study of how individual and society choose to use scarce 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

Related questions

Who defined economics as the study of mankind in the ordinary business of life?

alfred marshall

Definition of economics by William nordhaus?

William NOrdhaus defined economics as the study of how individual and society choose to use scarce 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 are the advantages of studying economics?

Economics enables us to understand money, its behaviour , and importance. Economics makes a nation prosper, and makes a person educated in a real sense. Economics is defined as a science of money and money being the most important factor in modern man's life it is most important to study.

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

Is study of economics necessary in a situation of abundant resources?

is the study of Economics necessary in a situation of abundant

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