1. #1
    Unregistered

    What is Economics?

    hello
    what is Economics?





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  3. #2
    harshadgandhi
    Join Date
    Feb 2012
    Location
    noida
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    187

    Re: What is Economics?

    hi friend,
    Economics is a very interesting subject .

    The term Economics comes from Oikonomia which means management of household.

    Economics is the social science that analyzes the production, distribution, and consumption of goods and services.
    Economic analysis may be applied throughout society, as in business, finance, health care, and government, but also to such diverse subjects as crime,education,the family, law, politics, religion,social institutions, war,and science.

    There are two parts of economics-
    Macro economics
    Micro economics

    Macro economics deals with the economy as a whole.
    Micro economics deals with economy in small units.

    Also,universities & colleges award degrees in economics on master's or Bachelor level.
    If your interest in economics grows with time,you can also pursue one of these degrees.



    Best of luck




  4. #3
    jericho
    Join Date
    Apr 2012
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    Re: What is Economics?

    Friend,

    <== ECONOMICS ==>
    ---------------------------


    Economics may appear to be the study of complicated tables and charts, statistics and numbers, but, more specifically, it is the study of what constitutes rational human behavior in the endeavor to fulfill needs and wants.
    Economics is the social science that analyzes the production, distribution, and consumption of goods and services.

    Adam Smith (1723 - 1790) Called the "father of Modern Economics".



    Economics Mainly Two Types ::

    Micro Economics
    Macro Economics



    Economics is Fully Based on Micro & Macro Economics.
    Macro and microeconomics are the two vantage points from which the economy is observed.
    Macroeconomics looks at the total output of a nation and the way the nation allocates its limited resources of land, labor and capital in an attempt to maximize production levels and promote trade and growth for future generations.



    Thank you!!!!!!!!

  5. #4
    SHILPI VERMA
    Join Date
    Sep 2012
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    CHINHAT BAZAR LUCKNOW
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    734

    Re: What is Economics?

    ""Economics is the social science that analyzes the production, distribution, and consumption of goods

    and services. The term economics comes from the Ancient Greek .Economics is the study of how

    individuals and groups make decisions with limited resources as to best satisfy their wants, needs, and

    desires""



    Economy is dived in two broad categories - microeconomics and macroeconomics.


    some of author define economy in own way_++

    J.-B. Say +++

    Distinguishing the subject from its public-policy uses, defines it as the science of production, distribution, and consumption of wealth.

    Robbins say+++

    Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses.

  6. #5
    kitkat
    Join Date
    Oct 2011
    Posts
    1,629

    Re: What is Economics?

    hai,,,,,,,,,,,,,,,,
    dear Economics is the study of how individuals and societies make decisions about ways to use scarce resources to fulfill wants and needs.
    The Study of Economics is of two types
    • Macroeconomics
    • microeconomics
    Macroeconomics
    The big picture: growth, employment, etc.
    Choices made by large groups (like countries)
    Microeconomics
    How do individuals make economic decisions
    Microeconomics studies small-scale economies. That is, from the individual level on up to the industry level. Microeconomics is concerned with how consumers (buyers) and producers (sellers) come together to exchange goods and services, how much is produced, what to produce, and the going prices. focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders.
    Macroeconomics is the branch that studies large-scale economies. Macroeconomics observes and analyzes how entire countries, full of many industries and consumers, function. It is not simply the sum of many "microeconomics"; many of the concepts are entirely different. Where micro will study a single consumer, a paper-clip manufacturing plant or the airline industry, macro studies the entire economy within which those three exist. Macroeconomics studies elements of a large economy, including inflation, government policies, output growth, and unemployment.on the other hand, takes a much broader view by analyzing the economic activity of an entire country or the international marketplace.
    so dear all the best

  7. #6
    maximum
    Join Date
    Oct 2012
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    138

    Re: What is Economics?

    HI,

    Meaning of Economics----------------

    Economics may appear to be the study of complicated tables and charts, statistics and numbers, but, more specifically,
    it is the study of what constitutes rational human behavior in the endeavor to fulfill needs and wants.
    Economics divided into 2 types,these are

    1.Micro Economics
    2.Macro Economics .

    Best of luck
    thankyou ............

  8. #7
    irshad.a
    Join Date
    Sep 2012
    Posts
    1,286

    Re: What is Economics?

    [COLOR="rgb(255, 0, 255)"][COLOR="rgb(255, 0, 255)"][COLOR="rgb(255, 0, 255)"]Economy is dived in two broad categories - microeconomics and macroeconomics.

    Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek .Economics is the study of howindividuals and groups make decisions with limited resources as to best satisfy their wants, needs, and desire

    Economics is Fully Based on Micro & Macro Economics.

    Macro and microeconomics are the two vantage points from which the economy is observed.

    Macroeconomics looks at the total output of a nation and the way the nation allocates its limited resources of land, labor and capital in an attempt to maximize production levels and promote trade and growth for future generations.[/COLOR][/COLOR][/COLOR]

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