Question

heya..

explain me

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Answer 1

Answer:

heya .

refer to attachment

Answer 2

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...

7 Microeconomics take the individual survey in the economy and called consumer and producer theory while macroeconomics takes the whole economy for survey and called price formation theory...

8 Utility is the wants satisfying power of a commodity that are of three kinds total utility, marginal utility, and average utility...

Thank you