What is economics, Microeconomics

Assignment Help:

What is Economics? 

Economics is explained as the study of how people choose to use their scarce resources in an attempt to satisfy their unlimited wants. In other words, we have unlimited possibilities in life to do whatever we need, but we are limited by the resources we have to do these things.

 


Related Discussions:- What is economics

Pareto efficiency, #question.explain three neccessary condition to achieve ...

#question.explain three neccessary condition to achieve pareto efficiency.

Trade, Reasons for International Trade?

Reasons for International Trade?

Firms and industry, explain the main criteria for classifying firms into in...

explain the main criteria for classifying firms into industries.which criteria serve the better and why?

Balancing formulas, How do I balance this chemical equation: MgSO4*5H2O

How do I balance this chemical equation: MgSO4*5H2O

Advantage in producing a particular good , 1.      How can a nation and its...

1.      How can a nation and its producers determine whether or not it has a comparative advantage in producing a particular good or service? a 2.  The above figure show

Determinants of short run cost, Determinants of Short Run Cost - The re...

Determinants of Short Run Cost - The relationship among the production function and cost can be exemplified by either increasing returns and cost or decreasing returns and cost

Consumer demand analysis "utility", how does utility figure in the analysis...

how does utility figure in the analysis of consumer demand

What is the policy of the east asian miracle, The East Asian Miracle Ho...

The East Asian Miracle However the set of extraordinarily successful economies isn't limited to the set of original OECD economies. Economies of the East Asian miracle have ove

The great depression, How did fixed exchange rates and the Golden Standard ...

How did fixed exchange rates and the Golden Standard affect the U.S. economy as well as other countries.

Average product of a factor - short period analysis, Average Product (AP) o...

Average Product (AP) of a Factor: The productivity of a factor is often seen in terms of its average contribution. Although not very important in the theoretical discussions,

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd