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Defination of economics

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Defination of economics

Posted by Aditya Kumar 7 years, 7 months ago

CBSE > Class 11 > Economics

4 answers

Alisha Wadhwa 7 years, 7 months ago

Economics is a art of science in which consumer wants to satisfy their wants,producer wants to maximize their profit and society wants social welfare.

Ritika Mahur 7 years, 7 months ago

It is the service which studies human behaviour as a relationship between given end and scarce means which have alternative uses.

Ritika Mahur 7 years, 7 months ago

The study of man in the ordinary business.

Dhanuja Shri 7 years, 7 months ago

Economics is the study of how people and society choose to employ scarce resources that could have alternative uses in order to produce various commodities that satisfy their wants and to distribute them for consumption among various persons and group in society

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