Economy, asked by nancychaudhary, 1 year ago

describe the meaning of economics

Answers

Answered by marvellous2
1
economics is branch of knowledge concerned with the production, consumption, and transfer of wealth.

-R26

nancychaudhary: good
marvellous2: thx so much, dear. your words means a lot....
Answered by KritikaRanjan
1
Economics is a social science of human behaviour which aims at allocation of scarce resources in such a way that the consumers can maximize their satisfaction, producers can maximize their profit & society can maximize social welfare.

nancychaudhary: thanks.
KritikaRanjan: welcome
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