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Economics is the study of the most effective and efficient allocation of limited resources: how to make the best use of land, Natural Resources, income, labor, time-- everything that is not in unlimited supply and that we ought to plan to use to best advantage. You can allocate limited resources wisely, foolishly, or thoughtlessly, but however you decide to use those resources, your life, and the lives of others, can be enriched or diminished by the choices that you make.
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What is one way that economics can influence your daily life?
Very. Everything you do is part of economics, the cost/benefit principal is used most often when trying to make decisions.
Benefits of MA in economics?
what is the benefit of economicsin M.A
What is a direct benefit of the use of assembly line in production in economics?
Wasted motion is eliminated
Role of economics in your life?
role of economic in our parecticle life
What is the definition of economics by feliciano fajardo?
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.
What is one way that economics can influence your daily life?
Very. Everything you do is part of economics, the cost/benefit principal is used most often when trying to make decisions.
Benefits of MA in economics?
what is the benefit of economicsin M.A
What are the importances of welfare economics?
Economics is a social science and its important our social life,political life economics and daily life.its based on the piler of country..
What do economics use to test solutions to questions for which there are no obvious or easy answers?
Cost benefit analyses
What is a direct benefit of the use of assembly line in production in economics?
Wasted motion is eliminated
How can you use economics in a real life situation?
Economics is all about real life situations. All resources are limited and economics is simply about making decisions to use those resources efficiently.
Role of economics in your life?
role of economic in our parecticle life
What istrickle-down economics?
Trickle-down economics means from the top to the bottom. For example, the richest part of the economy creates jobs and invests, and the poorest parts benefit from it.
Why is mans life not isolated from economics?
it is isolated from economics becouse through out the life of a man and hence, there is spending and buying.sending and telling transcaction that are involved.
How can you tie mean girls to Econimics like opportunity cost and cost-benefit analysis?
you can tie mean girls to economics by calling attention of social construction of traditional economics hence produce things like family economics.
What is the definition of economics by feliciano fajardo?
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.
Differentiate Technology and Home Economics from Home Economics Technology?
technology is the product of science while home economics refers on study on how to plan life.
