heya..
explain me
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Answer:
heya..
refer to attachment
Heya...
1 Economics is the art to manage the economic resources in such a way that the welfare of the society will be possible...
2 Economics is the subject matter that deals with the problem of choice between the limited resources...
3 Economics is the management to hold the growth by the optimum utilization of limited resources...
4 The three fundamental problems of an economy is :-
What to produce
How to produce
For whom to produce
5 Microeconomics is the study of economic issues at an individual level it is important to study about the personal intrest of a person in the economic activities...
6 Macroeconomics is the study of economic issues taking economy as a whole it is used to to drive thru economic status of the country..
Nature of the economics means that is economics is an art of science well it is both science as well as an art...
Scope of economics is divides into two parts microeconomics and macroeconomics...
Different types of goods are consumer goods that are used to direct satisfaction for the wants and producer goods that are the asets of the production..
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