Question

What are the three important definitions in the economics

Answer 1

Answer:

Various definitions of 'economics' have been proposed, including the definition of 'economics' as "what economists do".[1]

The earlier term for 'economics' was political 'economy'. It is adapted from the French Mercantilist usage of économie politique, which extended economy from the ancient Greek term for household management to the national realm as public administration of the affairs of state.