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Economics is often described as a body of knowledge or study that discusses how a society tries to solve the human problems of unlimited wants and scarce resources.
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Which of these described the economic view of the chicago school of economics?
microeconomic
What is feudal economics?
Feudal economics are simply the economics associated with the decentralized hierarchical system of feudalism, and aspect of the middle ages. They did not differ appreciably from other economics of the middle ages, except that local nobility and bishops often coined their own money.
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.
What are different kinds of economics?
Economics is one social science among several but has fields bordering on other areas, including economic geography, economic history, public choice, cultural economics, and institutional economics. One division of the subject distinguishes two types of economics. Positive economics ("what is") seeks to explain economic phenomena or behavior. Normative economics ("what ought to be," usually as to public policy) prioritizes choices and actions by some set of criteria; such priorities reflect value judgments, including selection of the criteria. Another distinction is between mainstream economics and heterodox economics. One broad characterization describes mainstream economics as dealing with the "rationality-individualism-equilibrium nexus" and heterodox economics as defined by a "institutions-history-social structure nexus." Areas of economics may be classified in various ways, but an economy is usually analyzed by use of microeconomics or macroeconom. Economics as an academic subject often uses geometric methods, in addition to literary methods. Other general mathematical and quantitative methods are also often used for rigorous analysis of the economy or areas within economics. Such methods include the following.mathematical economics. econometrics. national accounting. Some selected field of economics ::agricultural economics. economic growth and development economics. economic system. environmental economics. financial economics. game theory.industrial organisation. information economics.international trade and finance. labour economics.law and economics. public finance. manegarial economics. welfare economics.
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)
In economics austerity is described as what?
in economics, austerity is a state of reduced spending and increased frugality in the financial sector. Austerity measures are often taken by government as an attempt to reduce expenditures and shrinking growing deficits.
Which of these described the economic view of the chicago school of economics?
microeconomic
What are often described as corrostive?
Strong acids and bases are often described as corrosive.
Economics can best be described as the study of?
Economics is described as the study of production, distribution, and consumption of goods an services, along with the transfer of wealth.
What do Marxist reading of texts often focus?
economics
Why is economics called political economics?
In the past (probably before the 19th Century), the study of economics is often referred to as "political economy". It is just a historical term and is rarely used today.
What two adjectives describe Zebulon and Pike?
Zebulon is often described as courageous and determined, while Pike is often described as adventurous and exploratory.
Anger in The Bible?
Often described as wrath.
The british constitution is often described as?
Unwritten
What is feudal economics?
Feudal economics are simply the economics associated with the decentralized hierarchical system of feudalism, and aspect of the middle ages. They did not differ appreciably from other economics of the middle ages, except that local nobility and bishops often coined their own money.
L what is often described as the point of no return?
Limit
What can often can be described as on the cob?
Corn - as in "corn on the cob".
