economics
/ˌiːkəˈnɒmɪks,ˌɛkəˈnɒmɪks/
noun
- the branch of knowledge concerned with the production, consumption, and transfer of wealth.
- the condition of a region or group as regards material prosperity."he is responsible for the island's modest economics"
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Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time.
Economics is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and ...
Economics can be defined in a few different ways. It's the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making. It often involves topics like wealth and finance, but it's not all about money.
Economics is a branch of social science focused on the production, distribution, and consumption of goods and services.
Economics is the science which studies human behavior as a relationship between given ends and scarce means which have alternative uses.
Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.
02-Jan-2025 · 1. a : a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services
“Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses1.
Economics is concerned with the creation, consumption, and transfer of wealth. The study of economics encompasses the major areas of microeconomics.
Smith defined economics as “an inquiry into the nature and causes of the wealth of nations.”