Introduction to economics Economics aim to allocate scarce resources to meet the needs of the human person, the heart of Economics. The meaning of Economics From the "economics" are terms derived from the Greek root "oikonomia" which means the management of the household (the skilled in household management) Economics the study of how meaning is to allocate the available resources are limited. Effectively to produce goods and services to the needs of the human being is not limited. By nature, humans have needs at any time and there is no end, but there are a limited number of goods and services, causing an imbalance between the items. Services and thus caused the selection to meet your needs. In order to do something to make all the opportunities to do other pretty things. We called the loss of opportunities, it's said that when you are choosing to be birth costs. we called opportunity costs. Therefore, to be selected to cause maximum benefit with minimum cost. Conclude that: 1. There is no requirement (unlimited wants) with limited resources. (Resources scarcity), must cause a shortage. 3. therefore, to choose (choice) 4. when choosing what followed? Goods and services (goods and services) is the utility (utility) is to meet the needs of consumers. Enables consumers to get satisfaction regardless of whether errors or wrongful law.
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