Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
What do you understand by the word Economics?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Mataracy, post: 116663, member: 28733"] Since we can not satisfy all our want because there is limited resources. So there for the limited resources on ground need to be manage in such away that there would not be any waste and can be utilize very well. The word economic can be describe or defined as a science that studies human behavior as a relationship between ends and scarce means which have alternative uses. Our wants or ends are many relative to our resources or means of satisfying them. So,we must choose in order to maximize or get the best out of our scarce resources of scarcity. We need to be sound economically because of the problem faced by some of our company or country now a days. This problem are: (1) What to produce?: We need to know the type of product to produce ,the product that can yield more profit and the one that people will like to consume. (2) How to produce? This has to do with the method to use whenever we want to produce it (3) Where to produce ?.This is talking about the place where there will be better accessibility to the customers. (4) For whom to produce? This have to do with the set of people that the product we meet their need most in the community or in a particular area. Your idea is required. What did you understand by the word Economics? [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
What do you understand by the word Economics?
Top