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    Econ

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    wosinsuy
    Economics deals with the production, distribution, and consumption of goods and services, as well as economic systems and theories. It is important in everyday life, government, politics, and business, as we make economic decisions daily. Economics provides a way to understand developments in business, society, and the global economy, as well as the decisions of households, firms, and governments based on human behavior. It examines how societies meet demands through production, consumption, and sale of goods and services at both individual and country levels, comparing alternative uses of limited resources and considering efficiency and fairness. Economics relates to subjects like sociology, politics, international relations, history, business studies, human geography, and psychology.

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    Econ

    Uploaded by

    wosinsuy
    27 views1 page
    Economics deals with the production, distribution, and consumption of goods and services, as well as economic systems and theories. It is important in everyday life, government, politics, and business, as we make economic decisions daily. Economics provides a way to understand developments in business, society, and the global economy, as well as the decisions of households, firms, and governments based on human behavior. It examines how societies meet demands through production, consumption, and sale of goods and services at both individual and country levels, comparing alternative uses of limited resources and considering efficiency and fairness. Economics relates to subjects like sociology, politics, international relations, history, business studies, human geography, and psychology.

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    Economics deals with the production, distribution, and consumption of goods and services, as well as economic systems and theories. It is important in everyday life, government, politics, and business, as we make economic decisions daily. Economics provides a way to understand developments in business, society, and the global economy, as well as the decisions of households, firms, and governments based on human behavior. It examines how societies meet demands through production, consumption, and sale of goods and services at both individual and country levels, comparing alternative uses of limited resources and considering efficiency and fairness. Economics relates to subjects like sociology, politics, international relations, history, business studies, human geography, and psychology.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    27 views1 page

    Econ

    Uploaded by

    wosinsuy
    Economics deals with the production, distribution, and consumption of goods and services, as well as economic systems and theories. It is important in everyday life, government, politics, and business, as we make economic decisions daily. Economics provides a way to understand developments in business, society, and the global economy, as well as the decisions of households, firms, and governments based on human behavior. It examines how societies meet demands through production, consumption, and sale of goods and services at both individual and country levels, comparing alternative uses of limited resources and considering efficiency and fairness. Economics relates to subjects like sociology, politics, international relations, history, business studies, human geography, and psychology.

    Copyright:

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    Download as docx, pdf, or txt
    of 1

    Nico Anthony Z.

    Haocuenco

    “ECONOMICS”

    Economics is said to be the social science that deals with the production,
    distribution, and consumption of goods and services and with the theory and
    management of economies or economic systems. When I was in my first day of my
    economics class I was confused until I found the true meaning and importance of
    economics. It is really important in our everyday living since we use it all the time. It is
    most especially important in government, politics and business. We all make economic
    decisions every day of our lives, and economics can help to improve our decision
    making. Economics offers a way of thinking about the world that enables us to make the
    best of what we have.

    Economics provides you with the knowledge and insight necessary to understand
    the impact of developments in business, society and the world economy. It enables you
    to understand the decisions of households, firms and governments based on human
    behavior, beliefs, structure, constraints and need.

    It is concerned with how society sets about meeting people's demands for things
    they want to consume. It looks at the production, consumption and sale of goods and
    services, both at the level of individual products, firms and consumers and at the level of
    the total production and consumption by countries. It also compares alternative ways of
    using the limited resources that countries and individuals possess and considers how
    efficient and or fair such alternatives are.

    Economics relates to a whole range of other subjects. Most economics degrees,


    even single honors economics degrees, will involve you studying other subjects to some
    extent. Economics is a social science, so it is closely related to subjects such as
    sociology, politics and international relations. To have a good grasp of how economies
    function, it also helps to be able to see economic problems in their historical context and
    how economic ideas have developed over time. For this reason, economics is closely
    related to history. Other subjects that are closely related to economics include business
    studies, human geography and psychology.To be able to analyse economic problems,
    you will use a number of techniques. Some of these are mathematical and/or statistical.

    In the end of my economics class I am proud to say that I have learned a lot! And
    that I realized that economics is not only about business but it is also a way of life.

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