Elaborate the nature and scope of Economics.
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The nature and scope of economics is related to the detailed study of wealth, human behavior or scarce resources.
The scope is wide and is inclusive of the subject matter of Economics regardless of the fact Economics is a science or an art which may be a positive science.
In Economics, the law of demand states the fact that quantity that is demanded for a particular good or service rises as price starts falling down.
The scope is wide and is inclusive of the subject matter of Economics regardless of the fact Economics is a science or an art which may be a positive science.
In Economics, the law of demand states the fact that quantity that is demanded for a particular good or service rises as price starts falling down.
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