economists
"Economics is the study of how people relate to each other" is a statement that does not define economics.
the basic concern of economics is to study the choices people make
No, economics is the study of how people deal with the condition of scarcity with limited allocations of resources.
Economics
economists
"Economics is the study of how people relate to each other" is a statement that does not define economics.
the basic concern of economics is to study the choices people make
No, economics is the study of how people deal with the condition of scarcity with limited allocations of resources.
Economics
Economics: the study of how people's wants and needs are met.
ECONOMICS
Economics
Economics is the study of wealth and its distribution.
Anthropology is the study of past human species. While economics is the study of the economy. Actually, anthropology is the study of humans, including our ancestry and culture. Economics is the study of the economy, but more generally it is the study of how people make choices about how to use resources when those resources are limited. In that sense, economics can be thought of as a specialized sub-field of anthropology.
economics
choices made by people faced with scarcity