Question

what is mean by economics

Answer 1

...heya friend...

_____here is your answer_____

#Definition of economics is given to the fourth people.

#Adam Smith: Meaning of science is the use and study of the physical wealth produced by the production.


#Marshall: Economics is a study of the economic transactions of a person's everyday life, in which the use of material goods is well-utilized.

#Robbins: Economics is a science studying the behavior of how a person manages between his needs and equipment with alternate uses.

#Samuel: Science teaches how society creates important needs through its scarcity resources and divides it among different people.

☺️hope it help you ☺️

Answer 2

Answer:

What Is Economics?

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their wants and needs, trying to determine how these groups should organize and coordinate efforts to achieve maximum output.

hope it will be helpful to you mate