Question

define economics ? and its features .

Answer 1

Economics is the science that deals with production, exchange and consumption of various commodities in economic systems. It shows how scarce resources can be used to increase wealth and human welfare. The central focus of economics is on scarcity of resources and choices among their alternative uses.

Answer 2

Answer:

In economics we usually try to look at development as a process of change in economic life of the people, as producersor consumers of goods and services.

Economics is tje realtive discussion of globalisation.

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