economics.

The study of how persons and society choose resources which have alternative uses, to produce various commodities over time and distribute them for consumption now and in the future, among various people and groups in society

the study of the ways of goods and services

(Hackett, 1998, chapter 1) The study of how scarce resources are allocated among competing uses

The economics of a society or industry is the system of organizing money and trade in it. the economics of the third world. Social science that analyzes and describes the consequences of choices made concerning scarce productive resources. Economics is the study of how individuals and societies choose to employ those resources: what goods and services will be produced, how they will be produced, and how they will be distributed among the members of society. Economics is customarily divided into microeconomics and macroeconomics. Of major concern to macroeconomists are the rate of economic growth, the inflation rate, and the rate of unemployment. Specialized areas of economic investigation attempt to answer questions on a variety of economic activity; they include agricultural economics, economic development, economic history, environmental economics, industrial organization, international trade, labour economics, money supply and banking, public finance, urban economics, and welfare economics. Specialists in mathematical economics and econometrics provide tools used by all economists. The areas of investigation in economics overlap with many other disciplines, notably history, mathematics, political science, and sociology. Austrian school of economics classical economics defense economics German historical school of economics institutional economics labour economics managerial economics supply side economics welfare economics

the science that deals with the production, distribution, and consumption of the worlds resources and the management of state income and expenditures in terms of money

all things pertaining to the production and distribution of wealth within a nation; ways of making a living

the science that deals with the production, distribution, and consumption of commodities

the science that deals with the production, distribution, and consumption of wealth

1) Economics is the study of how men and society end up choosing, with or without the use of money, to employ scarce productive resources that could have alternative uses, to produce various commodities and distribute them for consumption, now or in the future, among various people and groups in society It analyzes the costs and benefits of improving patterns of resource allocation [86] {4} 2) Economics is the study of the use of scarce resources to satisfy unlimited human wants [64] {4} Use your browser's "BACK" button to return to the page you were viewing previously

The study of choice and decision-making in a world with limited resources

the science of the allocation of limited resources for the satisfaction of human wants

the study of how to distribute scarce resources among alternative ends

The study of people's choices and what happens to make everyone's choices compatible (p 5)

The study of how limited resources, goods, and services are allocated among competing uses

Economics is the study of ways in which people make a living; it considers the social organization by means of which people satisfy their wants for scarce goods and services

The study of how people use scarce resources to satisfy unlimited wants

The study of choice and decision-making in a world with limited resources [FACS] (see also Board of Governors, Economic Recovery Tax Act of 1981, Employment Act of 1946, Full Employment and Balanced Growth Act of 1978, Keynesians, academic consultants, activist fiscal policy, business cycles, capacity utilization rate, choice, contractionary fiscal policy, contractionary monetary policy, council of economic advisors, cyclical unemployment, discretionary fiscal policy, division of labor, economic growth, economic regulations, economic shocks, economic specialization, expansionary fiscal policy, expansionary monetary policy, expected rate of inflation, fiscal policy, gross national product, implementation lag, large econometric models, macroeconomics, microeconomics, monetary policy, new deal, normative economics, option, political economy, rational expectations, recession, stagflation, supply-side economics, time lags)

- 1 having to do with the production, distribution, and consumption of goods and services 2 the management of the income, supplies, and expenses of household, government, etc

Economics provides the language, principles and a way of thinking to help people unravel why they have to make choices

Economics is the study of the way in which money, industry, and trade are organized in a society. He gained a first class Honours degree in economics. see also home economics

the branch of social science that deals with the production and distribution and consumption of goods and services and their management

the study of how resources are distributed for the production of goods and services within a social system

the social science that studies how individuals, firms, governments, and other organizations make choices, and how those choices determine the way the resources of society are used

See Political economy, under Political

the study of how individuals and societies choose to allocate scarce productive resources among competing alternative uses and to distribute the products from these uses among the members of the society (S1) chinese | russian

The study of supply and demand in markets and how they allocate scarce resources

{i} study of the management of goods and services

Political economy; the science of the utilities or the useful application of wealth or material resources

the science that deals with the production, distribution, and consumption of wealth, and with the various related problems of labor, finance, taxation, etc (Webster's New World)

Economics is the study of the production and distribution of wealth

The science of household affairs, or of domestic management

Study of how individuals, businesses and governments use their limited resources to satisfy unlimited wants

study of how people choose to use scarce resources to satisfy their needs and wants; a study of choice

economics.

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economics.

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