Transcription of WHAT IS ECONOMICS?
{{id}} {{{paragraph}}}
Example: marketing
WHAT IS ECONOMICS?
Thomson Learning Economics. The word conjures up all sorts of images: manic stock traders onWall Street, an economic summit meeting in a European capital, a somber television news anchor announcing good or bad news about the probably hear about economics several times each day. What exactlyis economics? First, economics is a social science, so it seeks to explain something about this sense, it has something in common with psychology, sociology, and politicalscience. But economics is different from these other social sciences, because of whateconomists study and how they study it. Economists ask fundamentally different ques-tions, and they answer them using tools that other social scientists find rather , SCARCITY, AND CHOICEA good definition of economics, which stresses the difference between economicsand other social sciences, is the following:This definition may appear strange to you.
Thomson Lear ning ™ 3. Land refers to the physical space on which production takes place, as well as the natural resources found under it or on it, such as oil, iron, coal, and lumber. Anything produced in the economy comes, ultimately, from some combination of these resources. Think about the last lecture you attended at your college.
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: