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What are the basic division in economics?
micro economics and macro economics
What are basic principles of economics?
What are the principles of economics
What is the basic concern of economics?
the basic concern of economics is to study the choices people make
What is the difference between economic systems and economic activities?
Distinguish between economics activities and economics system
What are the 5 human activities that involve economics?
what are the 5 human activitiesthat involve economics?
What is the study of monetary activities of a household?
Micro economics involves the purchases of a household.
What is the basic assumption of economics?
they lik money
What are three basic activities of accounting?
What are the Basic Activities of accounting?
Explain the difference between economic and non-economic activities with examples of each?
Economics activities refer to the activities which are done for the income or earning, eg:Carpenter working in his workshop Non-economic activities mean the activities which are not done for income or earning. eg: a child helping an old man cross the road
What are some of the basic principles of business economics?
The term business economics is used in different ways. Sometimes it is used synonymously with industrial economics/industrial organization, managerial economics, and economics for business.
What could cause a country's Gross National product decrease?
the production for self consumption Economics activities have parts.
How does economics relate to business?
A basic understanding of Economics plays a fundamental role in achieving success in Business.
