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Write the definition of economics? |
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Answer» Economics is a subject in which we study about production, consumption and distribution of resources.or use of scarce resources against unlimited wants. "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 . 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 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 Economic is a social science in which study about allocation of scare resources in a manner that maximum satisfaction can be earn. |
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