Economic problems relate to production of goods and services for consumptions with the scarcity of resources and the choices with the allocation of the available resources for production.The modern theory looks into the problem of level of income and employment,investment,savings,production and consumption including exports.
No.
Scarcity of goods and sevices will drive the related prices up and result in increased demand.
"Economics is the study of how people relate to each other" is a statement that does not define economics.
None
Economics, the study of how to locate resources, is related to the social sciences, natural sciences, and humanities. Economics is important in the study of political science, when studying the structure and functions of governments and how they relate to each other. Economics is related to history when studying imperialism, class conflicts, labor, and historic economies.
A basic understanding of Economics plays a fundamental role in achieving success in Business.
One social science that can be related to economics is communication and the Internet which are related to economics in the sense that if misused, immense losses will be felt.
Bet you did not know that Anthropology relates to Economics. Anthropology relates to economics by the different ways the economy works in a number of societies.
Natural Resources are the primary trade items in the world.
The law law states the acquisition of property can be declared to be for public use which is one of the property law in economics.
Human resources relate to marketing. The human resource department must recruit a sales or support force that reinforces the company's current marketing strategy.