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Write the definition of economics? |
Answer» Economics is a subject in which we study about production, consumption and distribution of resources.or use of scarce resources against unlimited wants.<br>"Economics is the study of mankind behaviour ",through which a customer can maximize it\'s satisfaction , producer can maximize it\'s profit and society can maximize it\'s social welfare .<br>Economics is a science of human behaviour concern in such a manner that a consumer can maximize its satisfaction producer can maximize its profit and Society can maximize its social welfare<br>Economic is the study of economic issues arising out the fact that resources are scarce in relation to our needs/desire and the scare resources have alternative uses<br>Economic is a social science in which study about allocation of scare resources in a manner that maximum satisfaction can be earn. | |