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Concept of economics

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Concept of economics

Posted by Jasbinder Singh 5 years ago

CBSE > Class 11 > Economics

2 answers

Harshita Dhariwal 5 years ago

Economics is a social science which studies tge economic behaviour of human beings about they use their limited resources to satisfy unlimited human wants in the conditions of scarcity.

Yogita Ingle 5 years ago

Economics is a science that studies human behavior which aims at allocation of scarce resources in such a way that consumer can maximise their satisfaction, producers can maximise their profits and society can maximise its social welfare. It is about making choice in the presence of scarcity.

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