Economy, asked by khushikumari79, 1 year ago

what is economics plz jaldi batao

Answers

Answered by sami91
1
Tracing the qualitative and quantitative effects of variables that change supply and demand, whether in the short or long run, is a standard exercise in applied economics. Economic theory may also specify conditions such that supply and demand through the market is an efficient mechanism for allocating resources. 

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Answered by nikky28
0
HELLO !!
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Economics is a study of ordinary business of life or the study of how people earn their living.

The word economics is derived from the Greek wordsoikos(meaning house) andnomos(meaning manage). Thus, the literal meaning of economics is to manage the house. Over the years, the meaning and horizon of economics have broadened.
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