The object of economics, according to J.S. Mill, is that sphere of man's action that is involved in the pursuit of wealth. However, Lionel Robbins supplanted this definition of economic sciences by arguing that, "Economics is the science which studies human behavior as a relationship between given ends and scarce means which have alternative uses"
choices
Economics is the study of wealth and its distribution.
Because Economics is a Study of Body of Knowledge.
why is the study of economics an important exercise
Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi
choices
Economics is the study of wealth and its distribution.
Because Economics is a Study of Body of Knowledge.
why is the study of economics an important exercise
It is called economics
Economics
In economics you will study how to work in the financial districts and learn how to manage money.
but the study of economics dates back only a few hundred years.
Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi
is the study of Economics necessary in a situation of abundant
Micheal Jackson
economics is the study of wealth