SERVICES are actions that other people value
SERVICES are actions that other people value
Microeconomics is that branch of economics analysis which studies the economics actions and behavior of individual units such as individual customer individual firms etc ; on the other hand macroeconomics deals with the economics actions and behavior of not a single particular unit - but the whole concept combined together.
"Economics is the study of how people relate to each other" is a statement that does not define economics.
An economy is a system by which a group of people can arrange to provide various goods and services to each other for their mutual benefit. Economics attempts to figure out successful ways to do this.
In the game of Economics services are actions that other people value. These are the services that are mainly provided by the government.
SERVICES are actions that other people value
SERVICES are actions that other people value
Microeconomics is that branch of economics analysis which studies the economics actions and behavior of individual units such as individual customer individual firms etc ; on the other hand macroeconomics deals with the economics actions and behavior of not a single particular unit - but the whole concept combined together.
"Economics is the study of how people relate to each other" is a statement that does not define economics.
with other people
The global marketplace, or stock market.
choice and responsibility. existentialists believe that all are born blank slates and that existence precedes essence. in other words, they believe that your actions determine who you are although you have to bear the responsibility for those actions.
It would depend on what those action were. Peoples' actions can affect just one other person or millions of people; peoples' actions can affect other people either directly or indirectly.
Generally speaking, we are not. We are, however, usually responsible for the actions of our children, and possibly for people in our care.
To have empathy or be empathetic to the feelings of others and to condone other people's actions
Economics explain the movement of money in the business world. It explains why people buy and sell and other important things like supply and demand.