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FOUNDATION COURSE PAPER - 3 Study Note - 1 BASIC CONCEPTS OF ECONOMICS 1.1 DEFINITION AND SCOPE OF ECONOMICS There are 4 definitions of Economics. (1) Wealth Definition:…

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Section - I ECONOMICS ECONOMICS A1 Basic Concepts of Economics Study Note - 1 BASIC CONCEPTS OF ECONOMICS This Study Note includes • • • • • • • Definition…

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1. TEN PRINCIPLES OF ECONOMICS Chapter 1 ECON202, Maclachlan 2. ECONOMY From the Greek for one who manages a household. Key concept: scarcity. ECON202, Maclachlan 3. Definition…

Technology 10 principles of eco i

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Documents ECON 2313: Spring Semester, 2010. Economics is the study of how individuals and societies allocate.....

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Slide 1 ECON202, Maclachlan, Spring 20051 TEN PRINCIPLES OF ECONOMICS Week 1, Chapter 1 Slide 2 ECON202, Maclachlan, Spring 20052 ECONOMY From the Greek for one who manages…

Documents ECONOMICS Johnson Hsu. Economics of work and leisure 1. Nature of work and leisure and trends in...

Slide 1 ECONOMICS Johnson Hsu Slide 2 Economics of work and leisure 1. Nature of work and leisure and trends in employment and earnings 2. Market Structures and competitive…