Answer. Economics is regarded as a social science; it studies how people in an economy employ the already scarce resources with or without using money. Hence, they use these scarce resources with alternative uses for manufacturing, buying, and the consumption of goods and services.
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Economics is the science that deals with production, exchange and consumption of various commodities in economic systems. It shows how scarce.
Economics is a part of social science which is associated with the study of production, households, distribution, firms, consumption of goods and services, ...
05-Dec-2022 · Economics is a social science which means it studies society and relationships between people. Economists analyse many different aspects of ...
Economists develop models to explain how the economy works, for example theories of supply and demand or the circular flow of income. These are developed by ...
20-Nov-2019 · Economics is the study of how societies allocate scarce resources. It can be defined as both a science and an art. As a science, economics ...
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This book conveys a simple idea: that the economic framework established by Smith and Coase is very useful in describing and explaining many facts in the ...
Economics is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and ...
Economics is a branch of social science focused on the production, distribution, and consumption of goods and services.
The primary task of the discipline of economics is to study the working of an economic system and issues faced by it. In a simple economy, human beings are ...