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Humans have unlimited wants, but only a limited capacity to satisfy those wants. Economics developed as a social science that would help humans allocate their resources (such as time, land, labor, etc.) in a way that would satisfy their needs in the most efficient way possible. The study of economics helps businesses decide what to make and how to make it, allows governments to understand how to interact with business, and helps consumers make decisions about what to buy.
What else can I help you with?
What are resources in terms of economics?
resources are scarce,.the concepts of scarcity arises from the scarce resources or simply resources for short.
How does a firm calculate marginal cost?
In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit.
What is the importance in the study of international economics?
Rising international economic interdependence arises a need of studying International Economics as separate field under economics. - It broadens our outlook beyond the confines of narrow nationalism esp in this era of globalization - It inspires & motivates that economist inside u to rethink the trade policies & may be u will be a minister someday. In short, its importance is as wide as ur imagination KANAV SHARMA, GDC(udhampur), J&K.
Classification of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
What are the classifications of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
What are resources in terms of economics?
resources are scarce,.the concepts of scarcity arises from the scarce resources or simply resources for short.
Meaning of globelization?
Globalization is the international integration that arises from the interchange of world ideas, products, and views. It is the opening to a broader outlook on economics.
What does marginal costs mean?
In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit
How does firm calculate margin cost?
In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit.
How does a firm calculate marginal cost?
In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit.
What does necessity arises mean?
Same as need arises.
What is the importance in the study of international economics?
Rising international economic interdependence arises a need of studying International Economics as separate field under economics. - It broadens our outlook beyond the confines of narrow nationalism esp in this era of globalization - It inspires & motivates that economist inside u to rethink the trade policies & may be u will be a minister someday. In short, its importance is as wide as ur imagination KANAV SHARMA, GDC(udhampur), J&K.
Classification of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
What are the classifications of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
What has the author Frank Livesey written?
Frank Livesey has written: 'A textbook of core economics' -- subject(s): Economics 'Stage 1 economics' -- subject(s): Economics 'Dictionary of Economics' 'Economics' -- subject(s): Economics, Marketing, Problems, exercises 'A modern approach to economics' -- subject(s): Economics 'Economics (A.C.C.A.)' 'Economics for business decisions' -- subject(s): Managerial economics 'Economics (Marketing)' 'A textbook of economics' -- subject(s): Economics 'Objective tests in A Level economics' -- subject(s): Economics, Examinations, questions, Problems, exercises
What is the difference between MSc Economics and MA Economics?
what is difference between msc economics and ma economics
What is the Difference between economics and manegrial economics?
difference between economics and managerial economics
