Basic principles of Economics
| Autor: | Abraham, Akampurira |
|---|---|
| EAN: | 9783954893331 |
| Sachgruppe: | Wirtschaft |
| Sprache: | Englisch |
| Seitenzahl: | 108 |
| Produktart: | Kartoniert / Broschiert |
| Veröffentlichungsdatum: | 20.11.2014 |
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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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