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Basic principles of Economics

Basic principles of Economics

Paperback

Business General

ISBN10: 3954893339
ISBN13: 9783954893331
Publisher: Anchor Academic Pub
Published: Nov 1 2014
Pages: 108
Weight: 0.33
Height: 0.26 Width: 5.83 Depth: 8.27
Language: English
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.

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Business General