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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.
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 is the basic concern of economics?
the basic concern of economics is to study the choices people make
What the difference between positive economics and normative economics?
Positive Economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
What is the basic problem that gives rise to the study of economics?
Pericycle
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.
What do you study in Economics in VCE?
The Australian Market system and basic economic concepts such as demand and supply.
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 is the basic concern of economics?
the basic concern of economics is to study the choices people make
What the study of economic an important exercise?
why is the study of economics an important exercise
What the difference between positive economics and normative economics?
Positive Economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
What is the difference between positive and normative economics?
Positive economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
What is the basic problem that gives rise to the study of economics?
Pericycle
Why do managers need to study economics?
1. Being a manager, why should you have some basic understandings about economics?
What is the study of economics involves?
economics mainly deals with the production ,consumption,income, employment etc . thus we can say economics is the study of all economic activities say for from production to consumption.or it is study of business of life...........
The study of microeconomics involves which of these?
Study one economic concept in depth
Is political science the study of economic systems and how they are formed?
No, that is called economics.
