%0 Book
%A Akampurira Abraham
%D 2014
%C Hamburg, Germany
%I Anchor Academic Publishing
%@ 9783954898336
%T Basic principles of Economics
%U https://m.anchor-publishing.com/document/312789
%X 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.
%K basic, economics
%G English