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What is a physical economics?

Updated: 11/24/2022
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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.


What is the scope of economics in education?

economics of education helps in determining the relationship between educational expenditure and increase in the income or physical capital over a period of time in a country.


Explain why marginal physical product would diminish as More professors are hired in the economics department?

zabi


What does mfp means in economics?

MFP measures how efficiently an economy uses all of its physical, human, and technological assets.


What are economics?

Economics is the branch of social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Greek for oikos (h ouse) and nomos (custom or law), hence "rules of the house(hold) Modern Economics developed out of the broader field of political economy in the late 19th century, owing to a desire to use an empirical approach more akin to the physical sciences The subject thus defined involves the study of choices as they are affected by incentives and resources.Areas of economics may be divided or classified into various types, including: * microeconomics and macroeconomics * positive economics ("what is") and normative economics ("what ought to be") * mainstream economics and heterodox economics * fields and broader categories within economics. source: www.en.wikipedia.org

Related questions

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.


What is the scopes of economics of education?

Economics of education helps in determining the relationship between educational expenditure and increase in the income or physical capital over a period of time in a country.


How did the physical geography affect the economics trade and urban centers of the Maya Aztecs and Incas?

it didnt


What is the scope of economics in education?

economics of education helps in determining the relationship between educational expenditure and increase in the income or physical capital over a period of time in a country.


What is the difference between a social and physical imprint?

Physical imprints - Physical characteristics of a nationality or race. Social imprints - traditions defined by your social setting, i.e. culture, economics, climate, etc.


Explain why marginal physical product would diminish as More professors are hired in the economics department?

zabi


What do economists call the physical things that firms make things that can be touched?

because economics called it active


What is the role of home economics in physical and mental well being of an individual?

Home Economics helps equip the person with the ability to contribute in many ways. This in turn makes them happier in a few ways.


What does mfp means in economics?

MFP measures how efficiently an economy uses all of its physical, human, and technological assets.


What do economists call the physical things that firms make (things that can be seen or touched)?

because economics called it active


What do economists call The Physical Things Firms Make Things That Can Be Seen Or Touched?

because economics called it active


What are economics?

Economics is the branch of social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Greek for oikos (h ouse) and nomos (custom or law), hence "rules of the house(hold) Modern Economics developed out of the broader field of political economy in the late 19th century, owing to a desire to use an empirical approach more akin to the physical sciences The subject thus defined involves the study of choices as they are affected by incentives and resources.Areas of economics may be divided or classified into various types, including: * microeconomics and macroeconomics * positive economics ("what is") and normative economics ("what ought to be") * mainstream economics and heterodox economics * fields and broader categories within economics. source: www.en.wikipedia.org