Single-person economies: output optimisation; labour-leisure trade-offs.
Multi-person economies: exchange and benefits from cooperation.
efficient use of limited productive resources to satisfy economic wants.
Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.
the basic concern of economics is to study the choices people make
Positive Economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
Study one economic concept in depth
efficient use of limited productive resources to satisfy economic wants.
The Australian Market system and basic economic concepts such as demand and supply.
Macro economic is differ from micro economic because macro economic study as a whole economics but micro economic study only of an individual.
the basic concern of economics is to study the choices people make
why is the study of economics an important exercise
Positive Economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
Positive economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
Study one economic concept in depth
Pericycle
No, that is called economics.
Economic geography studies Economics with respect to geography.
economics is the study of mankind in the ordinary business of life.