Economics- definitioneconomics is the study of how, Ask an Expert

Economics

Economics- Definition

Economics is the study of how societies utilize limited resources to make valuable commodities and allocate them among diverse people.

Microeconomics handles with:

• Conduct of individual units

• When Consuming; How we select what to buy

• When manufacturing; How we decide what to produce

• Markets: The communication of consumers and producers

• Evaluation of aggregate issues:

?? Inflation

?? Economic growth

?? Unemployment

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9504936

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