definition of economics

Nigeria
October 9, 2006 11:04am CST
what is economics
3 responses
@mythmoh (3986)
• United States
9 Oct 06
Economics is a science which deals with three 'M's--Man,Machine and materials and managing of these.
• United States
9 Oct 06
the study of money idk
@register (1065)
• India
9 Oct 06
# The study of the costs and cost effectiveness of healthcare practices www.dcri.duke.edu/patient/glossary.jsp # research on such factors as interest rates, gross national product, inflation, unemployment, and inventories, as tools to predict the direction of the economy. The data for computations such as Tobin's q and the real return on equity in figure 9, or ratios involving foreign and domestic holdings of US securities in figure 16 come from national balance sheets found in the Flow of Funds Accounts of the United States, provided by the Board of Governor's of the Federal Reserve System. ... www.bos.frb.org/economic/smr/glossary.htm # Examines the allocation of scarce resources among competing wants. Explores the principles of supply and demand and how prices are determined. Other topics include growth and productivity, global interdependence and the interrelated roles of consumers, producers, and government in an economic system. www.in.gov/dfi/education/statesed.htm # company statistics, consumer survey, data series ww2.lafayette.edu/~library/guides/primarysources/definitions.html # The study of the choices people make to cope with scarcity. www.econ100.com/eu5e/open/glossary.html # (Hackett, 1998, chapter 1). The study of how scarce resources are allocated among competing uses. www.lobsterconservation.com/glossary/ # The study of how to use our limited resources to satisfy our unlimited wants as fully as possible. wps.aw.com/aw_rohlf_econreason_5/0,5759,11635-,00.html # Organizations that conduct research in the area of social science that involves the systematic study of the production, conservation and allocation of resources in conditions of scarcity, together with the organizational frameworks related to these processes. nccs2.urban.org/ntee-cc/v.htm # The study of supply and demand in markets and how they allocate scarce resources. www.freebuck.com/reference/glossary/e.htm # Economics is the study of the production and distribution of wealth. www.tldsb.on.ca/schools/huntsvilleps/99/lessons/trade/dictionary.htm # study of how people choose to use scarce resources to satisfy their needs and wants; a study of choice www.radford.edu/~geog-web/alliance/vaworld/midgloss.html # A period of drastic decline in a national or international economy, characterized by decreasing business activity, falling prices, and unemployment. education.yahoo.com/reference/dictionary/entry/depression # The study of how persons and society choose resources which have alternative uses, to produce various commodities over time and distribute them for consumption now and in the future, among various people and groups in society. realestate24.tripod.com/dreamnovascotia/id26.html