What is economic s

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What is economic s

Posted by Shobhit Mishra 3 years, 6 months ago

CBSE > Class 12 > Economics

3 answers

Nagulan Sundar M 3 years, 6 months ago

Economics is the science of human behaviour concerned with allocation (distribution)of scare(resources)means in such a manner that consumer maximize their profit and societies can maximize their welfare

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Avilash Sharma 3 years, 6 months ago

Economic is the science of human behaviour concerned with the allocation(distribution)of scarce(resources) means in such a manner that consumer maximise their satisfaction , producer can maximise their profit and societies can maximise their welfare.

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Mahabeer Singh Aswal 3 years, 6 months ago

Economics is the science which deals with production, distribution and consumption of goods. It has both, qualitative as well as quantitative aspects. Hence, to ace an Economics exam, you need to study it from both, qualitative and, also, quantitative aspect.

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