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Activities related to the production and distribution of goods and services in a particular geographic region.

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Provide a diffinition of the term economic?

provide a definition of the term economics


What does the term demand refer to in economics?

The term demand in economics refers to the total amount of demand at all possible prices. Demand's definition is how much the consumers want a product.


Explain the term global competition?

"The definition of Economics is 'The Management of the Scarcity of Resources'." Competition for scarce resources - including Air, Water, Food and Shelter - is going to press Economics into a tither.


Write the definition for the term galaxy?

Basically it is asking what the definition for galaxy is, it is: A gaint structure that contains hundreds of billions of stars.


Is Economist Rutherford have given a definition for economics?

Yes, economist Alfred Marshall, often associated with the term "economics," defined it as the study of mankind in the ordinary business of life. He emphasized that economics examines how individuals and societies allocate scarce resources to satisfy their needs and wants. This definition highlights the practical aspects of economic behavior and the importance of resource management in everyday life.


Are the words home economics capitalized?

The term "home economics" is generally not capitalized unless it is part of a specific program name or title. For example, you would write "She studied home economics" but may say "She enrolled in the Home Economics program at her university." Always consider the context to determine proper capitalization.


What is the plural for economics?

Economics is a collective term. It is used in the singular.


What is the definition of maximising?

Definition of Maximising by Kayors Let me present an illustration to explain this: One often uses the phrase of "maximise profits" in economics. The term maximise or maximising here means to keep profits as high as possible.


Define the term complete or finish?

Well, as plagiarism isn't allowed, my own definition is: "the act of ending something"


What is an isquant in economics?

Is the term used in economics which means Indifferent curves.


The term micro economics and macro economics were coined by?

Ragner Frisch.


Who coined the term micro economics and macro economics?

not sure but i guess" J.M Keynes".