What is meant by economic

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Posted by Ashna Gurjar 5 years, 2 months ago
- 2 answers
Meghna Thapar 5 years, 2 months ago
A standard definition of economics could describe it as: a social science directed at the satisfaction of needs and wants through the allocation of scarce resources which have alternative uses. In its most simple and concise definition, economics is the study of how society uses its limited resources. Economics is a social science that deals with the production, distribution, and consumption of goods and services. ... Macroeconomics - the branch of economics that studies the overall working of a national economy.
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Sachin Patil 5 years, 2 months ago
0Thank You