Economics \ The study of how people use their limited resources in an attempt to satisfy unlimited wants.
The study of manufacturing, distribution and consumption of products and services in an economy.This is broadly divided into macroeconomics and microeconomicsMacroeconomics: The study of a country"s economy using such elements as unemployment, price levels, government spending, interest rates, national productivity etc and the influence of government policy on them.Microeconomics: The study of economic elements at the level of the household or the company. People within a household are primarily concerned with employment prospects and how taxation affects their income. Companies are mainly concerned with product costs and operating expenses etc.
Economics / the study of how people use their limited resources in an attempt to satisfy unlimited wants.
the study of manufacturing, distribution and consumption of products and services in an economy.this is broadly divided into macroeconomics and microeconomicsmacroeconomics: the study of a country"s economy using such elements as unemployment, price levels, government spending, interest rates, national productivity etc and the influence of government policy on them.microeconomics: the study of economic elements at the level of the household or the company. people within a household are primarily concerned with employment prospects and how taxation affects their income. companies are mainly concerned with product costs and operating expenses etc.
Economics