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Title: Basics of Economics
Description: All about Economics concise and accurate
Description: All about Economics concise and accurate
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Economics- a social science that deals with the study of man’s activities and
efforts to use the limited resources for the satisfaction of the unlimited
needs of man
-mechanics of utility and self-interest
-focus on the idea of exploring results of people acting on the basis
of self-interest, but has been proven that there is more to man’s selfinterest, that man’s choice and decisions are not always influenced by
self-interest and utility
-needs and wants
-“oikos” and “nomos”
-house and management
-Barter System
Title: Basics of Economics
Description: All about Economics concise and accurate
Description: All about Economics concise and accurate