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What in economics?

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What in economics?

Posted by Mansi Manglani 7 years, 11 months ago

CBSE > Class 12 > Economics

3 answers

Mimansha Rawat 7 years, 11 months ago

Economics is a social science which studies how society chooses its scare resources to satisfy need and wants of its people

Lovely Lovely 7 years, 11 months ago

Humans want are unlimited and resources to fulfill them are limited ,this causes the problem of choice or we can say it causes economic problem and economics is the solution for this .

Priyam Agarwal 7 years, 11 months ago

Economis is the study if Rational management of scarce resource having unlimited wants n alternate uses such that at the micro level an individual consumer is able to maximise his satisfaction and an individual producer is able to maximise his profit and at the macro level an economy is able to maximise his GDP and Social welfare.

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