Loading...

Basic principles of Economics

Textbook 2014 104 Pages

Summary

Economics can be defined as the study how scarce resources can be used to satisfy human wants or needs. Economics is a discipline which studies man’s endeavor to satisfy his unlimited wants out of the given scarce resources. Economics deals with how people allocate finite resources. There is a tendency to act by fulfilling their own interests that result into selfishness, greed among other undesirable traits. In a bid to satisfy his needs, man tries to allocate resources in an efficient manner.

Details

Pages
104
Type of Edition
Erstausgabe
Year
2014
ISBN (eBook)
9783954898336
ISBN (Book)
9783954893331
File size
725 KB
Language
English
Publication date
2014 (November)
Tags
basic economics

Author

Previous

Title: Basic principles of Economics