Economics is the social science that studies the management of scarce resources such as land, labor, and capital to produce, distribute, and sell tangible objects or to provide services in order to satisfy apparently unlimited human wants.
economic can be define as
"Economics is the study of how people relate to each other" is a statement that does not define economics.
Define it as: the science of understanding how man maximises his outcomes in conditions of scarcity.
Explain the role of an economist
"Economics is a study of how limited resources are used to satisfy unlimited human wants". Economics is the science that deals with the production and consumption of goods and services and the distribution and rendering of these human welfare...
A type of investment in which a partner or investor can lose an unlimited amount of money. Opposite of limited liability.
Economics is the social science that studies the management of scarce resources such as land, labor, and capital to produce, distribute, and sell tangible objects or to provide services in order to satisfy apparently unlimited human wants.
economic can be define as
Mathematics is a formal science that studies abstract objects such as quantities or shapes which can be applicable to other scientific fields such as physics, chemistry, or economics or studied for its own sake.
Scarcity is our limited resources but unlimited wants.The problem of scarcity is that our wants are always beyond what we can produce with our resources.
"Economics is the study of how people relate to each other" is a statement that does not define economics.
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The quantities of production in mass of a particle with velocity describe momentum.
Define concept of Sustainable Development?
Economics and industry
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