Documents Chapter 1

1. Chapter 1The Art and Science of EconomicAnalysis 2. The Economic ProblemWhen is a resource scarce?When it is not freely available, i.e. when its price is greater…

Technology The Scope And Method Of Economics

1. The Scope and Method of Economics “ Economic is the science of the administration of scarce resources in human society.” 2. Readings Lange, Oliver.(1945). The Method…