A social science that studies how individuals, governments, firms and nations make choices on allocating scarce resources to satisfy their unlimited wants. Economics can generally be broken down into: macroeconomics, which concentrates on the behavio...
There are a variety of modern definitions of economics. Some of the differences
may reflect evolving views of the subject or different ...
Economics definition, (used with a singular verb) the science that deals with the
production, distribution, and consumption of goods and services, or the material ...
Economic definition, pertaining to the production, distribution, and use of income,
wealth, and commodities. See more.
Define economics: a science concerned with the process or system by which
goods and services are produced, sold, and bought — economics in a sentence.
Definition of economics: The theories, principles, and models that deal with how
the market process works. It attempts to explain how wealth is created and ...
Economics is a broad term referring to the scientific study of human action,
particularly as it relates to human choice and the utilization of scarce resources.
That book contains three main thoughts. First is Robbins' famous all-
encompassing definition of economics that is still ...
This is the simplest yardstick of economic performance. If one ..... It gave birth to
the definition of economics as the science of studying human behaviour as a ...
Economics is defined as a science that deals with the making, distributing, selling
and purchasing of goods and services. An example of economics is the study ...