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the original of economics lies in endless human want and scarcity of resources elabolate

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ANORD MICHAEL

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Because resources are

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Q: The origin of economics lies in endless human wants and scarcity of resources?
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What is economics and its origin?

sas


What is the origin development of mathematical economics?

I cannot quite understand your eaning of "origin". If you mean the first one in history of economics to had done mathematical analysis, it was ricardo when he was working on his incomplete theory of labour. But the first one to have done complete mathematical deuction was Thuen(not sure if I have spelled that wrong" a Gernman. Please correct me if I have said anything wrong.


Origin of economics?

The term economics comes from the Ancient Greekοἰκονομία (oikonomia, "management of a household, administration") from οἶκος(oikos, "house") + νόμος(nomos, "custom" or "law"), hence "rules of the household.For more detailplz contactNajaf Alialians_5@hotmail.com


What is the origin of the word economic activity?

There is some disagreement however most would maintain that economics originated with early mercantilist and pre-classical theories such as those of John Locke, Richard Cantillon, Dudley North, Thomas Mun and some physiocrats such as Francis Quesnay. As an interesting point as a science it started rather late compared to most however many believe this is because a fully coherent market economy did not come to existence till the imperialist rise of nations such as England, France and Spain.


What does the law of increasing opportunity costs explain?

the increasing amounts of one commodity that a nation must give up to release just enough resources to produce each additional unit of another commodity. THis is reflected in a production frontier that is concave from the origin.

Related questions

The origin of economic lies in endless human wants and scarcity of resource?

the original of economics lies in endless human want and scarcity of resources elabolate


What is economics and its origin?

sas


Where does the word economics come from?

The word "economics" has it's origin in the Greek "oikonomikós" (relating to household management), from "oikos" (house).


What is a good sentence for the word origin?

The origin of the universe is a topic of endless debate among scientists and philosophers.


What is the origin of social differences?

Social differences can stem from various factors such as history, culture, economics, education, and politics. These differences can manifest in terms of income inequality, access to resources, discrimination, and social status. They are often reinforced by societal structures and systems that perpetuate unequal distribution of power and opportunities.


What is the origin of mineral resources?

since the beginning of the universe/earth.


How is classification of resources based on origin?

Resources can be classified based on their origin as renewable or non-renewable. Renewable resources are those that can be replaced naturally over time, such as sunlight and wind. Non-renewable resources are finite and cannot be easily replaced, such as fossil fuels like coal and oil. This classification helps in understanding their availability and impact on the environment.


What is the origin development of mathematical economics?

I cannot quite understand your eaning of "origin". If you mean the first one in history of economics to had done mathematical analysis, it was ricardo when he was working on his incomplete theory of labour. But the first one to have done complete mathematical deuction was Thuen(not sure if I have spelled that wrong" a Gernman. Please correct me if I have said anything wrong.


Origin of economics?

The term economics comes from the Ancient Greekοἰκονομία (oikonomia, "management of a household, administration") from οἶκος(oikos, "house") + νόμος(nomos, "custom" or "law"), hence "rules of the household.For more detailplz contactNajaf Alialians_5@hotmail.com


What does Myria mean?

Myria" comes from "myriad" meaning "having endless variations, stages, phases. According to Cyprus origin, Myria is from Myrianthi which means lots of flowers.


What is the meaning of industrial origin approach?

An industrial origin approach is a trend analysis that determines the effects and effectiveness of change. This analysis counts the resources used against prices.


How can you fine name meanings?

You can find name meanings by using online resources such as baby name websites, name origin websites, or books on name meanings. These resources often provide information on the origin and significance of different names.