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What is meant by economics give …

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What is meant by economics give proper defination of ecomics

Posted by Sachin Sharma 6 years, 10 months ago

CBSE > Class 12 > Economics

3 answers

Tanu Jindal 6 years, 10 months ago

Economics is a social science with studies the a way a society chooses to use its limited resources which are having alternative uses

Nitin Nainani 6 years, 10 months ago

'Economics' has been derived from two greek words 'eikos' meaning household and 'nemein' meaning management. Thus, economics is science which studies household management.

Himanshu Singh Creation 6 years, 10 months ago

economics is concerned with the study of economic issue work problems that arise because of the fact that resource are scare in relation to our needs and their scare source have alternative uses economics focuses on rational management of scarce resources in such a manner that our economic welfare is maximized

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