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Basic principles of Economics by Akampurira Abraham

Basic principles of Economics

by Akampurira Abraham
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Book cover type: Paperback
  • ISBN13: 9783954893331
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Anchor Academic Publishing
  • Publisher Imprint: Anchor Academic Publishing
  • Publication Date:
  • Pages: 108
  • Original Price: GBP 67.9
  • Language: English
  • Edition: N/A
  • Item Weight: 150 grams
  • BISAC Subject(s): General

Economics can be defined as the study how scarce resources can be used to satisfy human wants or needs. Economics is a discipline which studies man's endeavor to satisfy his unlimited wants out of the given scarce resources. Economics deals with how people allocate finite resources. There is a tendency to act by fulfilling their own interests that result into selfishness, greed among other undesirable traits. In a bid to satisfy his needs, man tries to allocate resources in an efficient manner.

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