MICRO ECONOMICS ECONOMICS Uses of scare resources in order to get maximum satisfaction is said to be Economics. OR An Economics is a mechanism that allocates scare resources…
1. Lecture 1Nature of EconomicsDefinitions 2. Difficult to Define• Economists like Pareto, Myrdal andHutchinson think that any search for a precisedefinition of Economics…
Slide 1 Lecture 1 Nature of Economics Definitions Slide 2 Difficult to Define Economists like Pareto, Myrdal and Hutchinson think that any search for a precise definition…
Economics Greek word : âOikonomosâ means to âmanage the houseâ Or management of household especially in those matters which are relating to the income and expenses of…
Lecture 1 Nature of Economics Definitions Difficult to Define Economists like Pareto, Myrdal and Hutchinson think that any search for a precise definition of Economics…