NATURE AND SCOPE OF ECONOMICS

NATURE AND SCOPE OF ECONOMICS Willie discussing the nature and scope of Economics, we may ) the subject-matter of Economics (already discussed above), (h) whether Economics  science or an art (and we think it is uh, since it has both the theoretical and applied a,...

SOME MAJOR ISSUE SAND PROBLEM SIN ECONOMICS

SOME MAJOR ISSUE SAND PROBLEM SIN ECONOMICS I. Which goods arc to he produced and ) in what quaintness. 2_ All location of  the economy has further to determine the allocation  scarce  resources III money. men, and materials among the goods and services to be produced...

Importance of Micro economics

Importance of Micro economics Micro-economics occupies it very important place in the study of economic theory. It has both theoretical and practical importance. From the theoretical point of view, it explains the functioning of a free enterprise economy. It  or...

MICRO ECONOMICS

MICRO ECONOMICS The word ‘micro’ means a millionth part. When we speak of micro – economics or the micro approach, what we mean is that it is some small part or component of the whole economy that we are analysing. For example, we may be studying...

SUBJECT MAlTER: MICRO AND MACRO ECONOMICS

SUBJECT MAlTER: MICRO AND MACRO ECONOMICS An economic system may be looked at  whole or in terms of its innumerable decision  making units (such as consuming units e.g., individual consumers and households), producing units. (e.g., firms, farms business and...