0

Subjects>Business>Economics

How should 'economics' be defined?

Anonymous

∙ 8y ago

Updated: 12/7/2022

Economics is the social science concerned with the production, distribution, and consumption of wealth and the allocation of scarce resources in order to meet apparently unlimited human wants.

Wiki User

∙ 8y ago

What else can I help you with?

Continue Learning about Economics

Economics may be defined as the science that explains?

Economics explains money and the way it functions in society.

Economics is defined as a study of the?

choices made by people faced with scarcity

In economics a commodity is defined?

a primary product like oil or coffee.

Should you drop economics for pyschology?

should i drop economics for psychology

Definition of economics by William nordhaus?

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

Related Questions

Economics may be defined as the science that explains?

Economics explains money and the way it functions in society.

Economics is defined as a study of the?

choices made by people faced with scarcity

In economics a commodity is defined?

a primary product like oil or coffee.

What a commodity is defined in economics?

a primary product like oil or coffee.

Should you drop economics for pyschology?

should i drop economics for psychology

Definition of economics by William nordhaus?

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

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

alfred marshall

Health economics can be defined as?

is a branch of economics concerned with issues related to efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare.

Should economics become a science?

Economics is a science.

What is the definition of economics by J.H Davenport?

He defined economics as the science that treats phenomena from the standpoint of price

What is the relationship between economics and physical science?

There is a direct relationship between economics and physical science. As a matter of fact, economics is defined as physical science which uses various computations to analyze trends in the market.

How did Lionel c. Robbins defined the concept of economics?

Economics is a science which studies human behaviour as a relationship between ends(wants) and scarce means(resources) which have alternative uses.

Trending Questions

How can inequality or discrimination hurt an economy's ability to maximize its human capital? Is normative economics concerned with the use of the scientific method to establish well-tested explanations for economic behavior? What is the address of the us patent office? When will I receive stimulus check if I sent in ammended tax return claiming two more exemptions? Ben Collins plans to buy a house for 220 000 if that real estate is expected to increase in value by 3 percent each year what will it's approximate value be seven years from now? How old do you have to be to borrow money from the bank? Is the demand for services more difficult for organizations to predict than the demand for goods? Why is it good to export? What international trade theory or theories best explain the rise of Bangladesh as a textile exporting powerhouse? What is the difference of monetary and non-monetary incentive? 20000000 rupees to euro? What constitutes a stock market crash and what are the key indicators to look out for? What is the opposite of proverty? Understanding the definition of liquidity is useful in learning about monetary policy? Why a country want to hold a major sporting event? What actions would a producer take to combat decreasing marginal utility? Which type of competition leads to exploitation of consumer? If the business cycle is predictable and a stock has a positive beta does the stock's returns also must be predictable? Why isn't the lower working class getting a stimulus check instead of just people on ssi? What is the market capitalization of the US Stock market versus the rest of the world?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.