Define Economics and Microeconomics
Economics is the study of the ways in which
people provide for their well-being.
Economists are concerned with the study of
human behavior as a relationship between
ends and scarce means which have
alternative uses.
There are 2 branches, microeconomics and
macroeconomics.
Economics is the study of the ways in which
people provide for their well-being.
Economists are concerned with the study of
human behavior as a relationship between
ends and scarce means which have
alternative uses.
There are 2 branches, microeconomics and
macroeconomics.
