Question

what is means by economic? write three definition of economic?​

Answer 1

Answer:

Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.

Answer 2

Answer:

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 about how to allocate resources.

Explanation:

Three definition of economic are as follows:-

1). Economics is the study of mankind in the ordinary business of life.

2). Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.

3). Economics comes in whenever more of one thing means less of another.