What is economics?
Answers:
the study of how human beings make choices about what to produce, how to produce and for whom to produce, in a world in which most resources are limited
It is the study of finance, banking and money management ; this would also cover business management with the emphasis on the fiscal aspect of it!
The branch of social science that deals with the production and distribution and consumption of goods and services and their management.
Basically money coming in and money going out if you have less coming in then you are uneconomic,
Economics is defined as the study of the allocation of scarce resources.
It is split in micro economics and macro economics. Micro is concerned with a market for a particular resource, where as macro is concerned with a whole economy.
Economics = the study of how a people make a living
Economics is the study of unlimited demands v/s limited supply.
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