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What is econimics

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What is econimics

Posted by Arya Dewangan 6 years, 5 months ago

CBSE > Class 11 > Economics

1 answers

Gaurav Seth 6 years, 5 months ago

Economics is a social science dealing with the study of economic problems.
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their wants and needs, trying to determine how these groups should organize and coordinate efforts to achieve maximum output.
Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the aggregate economy, and microeconomics, which focuses on individual consumers and businesses.

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