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What is the key economic concept that serves as the basis for the study of economics is?

efficient use of limited productive resources to satisfy economic wants.


The study of microeconomics involves which of these?

Study one economic concept in depth


Define the concept of economic planning and evalute the planning goals and strategies in India during the last three five year pans periods?

why do we need as an M.B.A to study the concept of economic


How do you study a topic without getting bored?

Relate the study on a more personal basis: How does the topic effect you or people you know. If its a historical topic, how did it effect people in general. If its a philisophical or abstract concept: What motivated, what motivates its existence.Here are some links for you to think about, too.


What is the meaning of socio-economic study in feasibility study?

The meaning of socio-economic study in feasibility study refers to the financial viability of a given business establishment.


What is a conceptual variable?

Conceptual variables are variables that are used as the basis of a hypothesis in experiments. Conceptual variables are abstract, as opposed to the concretely defined variables used in the experiment.


What committee serves as a study group?

Joint


How does macro economics differ from micro economics?

Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.


What the study of economic an important exercise?

why is the study of economics an important exercise


Is home economic a study of the body?

no


What is the best description of microeconomics?

The study of the economic behavior and decisions of individuals and businessesthe study of the economic behavior and decisions of individuals and businesses


Who used the scientific discoveries of the 1800s as a basis for his philosophy and applied the study of evolution to the academic disciplines of biology sociology psychology and other areas?

Herbert Spencer is the philosopher who used the scientific discoveries of the 1800s as a basis for his philosophy, applying the study of evolution to academic disciplines like biology, sociology, psychology, and others. He is known for popularizing the concept of social Darwinism, which applied evolutionary principles to human society.