Definition of Economics
Economics Is the study of economic activity for human consumption, production, distribution, exchange of goods and services. The resource allocation The inputs which are limited to meet the needs of human beings with unlimited
Importance of Economics
Department of Economics. Help people understand or can decide on activities in a systematic and organized. Recognize the benefits of managing resources effectively and achieve the targets set. Resource efficiency is due to the different economic units different levels
of the administration. Used in determining the allocation of economic resources of the country. With a limit Maximize the benefits To meet the basic needs of the people thoroughly and fairly
level people. Department of Economics As a tool to consider and decide on the events of daily life. Or as the basis for employment decisions or help understand the events or economic situation of the country and how the government
first. Scope of the economy
is divided into two branches
1.1 Microeconomics is the study of economic activity in a subset or a case study of the subject, such as the price of money laundering T criticism of consumers. Of the individual in society, etc.
1.2 Macroeconomics is the study of the economic activity of the country, such as national income. GNP Inflation, etc.
2. Social, economic or operator means. Operated by the production of goods and services, leading the inputs consisting of
2.1 Capital Capital economics means used or what we were created to be used to produce
2.2 Property, Land represents the origin or resources on the ground and underground. aboveground
2.3 Labour Labour refers to the work of any kind, causing goods and services. This includes labor Labor, the use of physical force and power of human thought. As a consequence, the economic benefits
of the 2.4 Enterpreneurship. Means the manufacturer Who is responsible for the diagnosis directly. Is an initiative of the policies. Or in part in any policy changes to make. Production runs efficiently
3. The basic problem of production
3.1 What will produce
3.2 How will produce
3.3 The production for anyone
to meet human needs are unlimited. And in line with the country's resources are limited. Countries can undertake an economic activity such fundamental problems. By holding to eat well Being of the people of the country as a criterion. Show that the country is successful, the basic economic problems.
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