Economy, asked by itzkhushi123sharma, 2 months ago

give any human Problem-centred definition of economics?​

Answers

Answered by ishaan10joshi
0

Answer:

The modern definition, attributed to the 20th-century economist, Paul Samuelson, builds upon the definitions of the past and defines the subject as a social science. According to Samuelson, “Economics is the study of how people and society choose, with or without the use of money, to employ scarce productive resources which could have alternative uses, to produce various commodities over time and distribute them for consumption now and in the future among various persons and groups of society.”

Economics comes from the ancient Greek word “oikonomikos” or “oikonomia.” Oikonomikos literally translates to “the task of managing a household.” French mercantilists used “economie politique” or political economy as a term for matters related to public administration.

Answered by papakipari29
1

Answer:

just shut up you s.tupid girl^_^

Similar questions