Right and prudent administration of assets. Public wealth, set of services and economic interests.
n.: Economics is the study of the value and meaning of J. K. Galbraith... [Mike Harding, "The Armchair Anarchist's Almanac"
study of how people choose to use scarce resources to satisfy their needs and wants; a study of choice
The study of how the forces of supply and demand allocate scarce resources. Subdivided into microeconomics, which examines the behavior of firms, consumers and the role of government; and macroeconomics, which looks at inflation, unemployment, industrial production, and the role of government. see also applied economics, econometrics, Keynesian Economics, Reaganomics, supply-side economics.
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.
The science of obtaining a desired result with the ultimate minimum expenditure of effort, money, or material.
the social science that studies how individuals, firms, governments, and other organizations make choices, and how those choices determine the way the resources of society are used
The study of how people, firms, and societies choose to use scarce resources. View Capstone Lesson(s) that address this concept
the study of how wealth is created and distributed
the study of how people deal with scarcity.
a three-year programme of study
(Hackett, 1998, chapter 1). The study of how scarce resources are allocated among competing uses.
The study of how people, individually and in groups (families, businesses, governments, organizations) choose to use their relatively scarce productive resources to satisfy their wants.
The social science that studies the choices that individuals, businesses, governments, and entire societies make as they cope with scarcity. (p. 5)
is the study of how scarce resources are allocated among competing needs.
the study of a process that involves choice making as people to to get the most satisfaction possible when they buy goods and services
The social science that deals with the way society allocates its scarce resources among its unlimited wants and needs.
The study of how persons and society choose resources which have alternative uses, to produce various commodities over time and distribute them for consumption now and in the future, among various people and groups in society.
the study of the economy or the study of how to divide up a world of limited resources.
The branch of the social sciences that deals with the financial considerations of the production, distribution, and consumption of goods and services.... read full article
The study of choice and decision-making in a world with limited resources.
The study of how goods (food and clothing) and services (education, health care) are produced, distributed and used.
Study of how individuals, businesses and governments use their limited resources to satisfy unlimited wants.
The study of how human beings allocate limited resources to produce various commodities and how those goods are distributed for consumption among members of society.
the science that deals with the production, distribution, and consumption of wealth, and with the various related problems of labor, finance, taxation, etc. (Webster's New World)
The study of how societies allocate and manage their scarce resources.
The study of enterprises and relationships involved in the exchange of goods and services.
The science that studies the distribution of resources to satisfy wants.
The study of the economy. Classic economics concentrates on how the forces of supply and demand allocate scarce product and service resources.
The study of an economy (business, or country or trade grouping) and its related financial structures and procedures.
Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.
The study of how society uses scarce resources to produce and distribute goods and services.
Economics is the science of choice. Specifically, economics attempts to explain the choices we make and how those choices change as we cope with scarcity. This definition recognizes that, while there are virtually unlimited wants, there are limited resources available to satisfy those wants.
Economics is the social science that studies the production, distribution, and consumption of goods and services. Dimensions of production include measurement, including “how much†(such as of GDP components), “how efficiently,†and “for whom†(that is, 'distribution'). The word 'economics' is from the Greek for (oikos: house) and νόμος (nomos: custom or law), hence "rules of the house(hold)."