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Concepts Of Economics

Definition Of Economics
Definition Of Economics
  • Economics is social science which concerns with the use of scarce resources to satisfy human needs.
  • On the other side, Economics is the study of the ways individuals and nations cope with problem of scarcity.
  • In other words, Economics is social that deals with choices of ( individuals - business - governments - economy ) to stay their needs.
  • Economics focuses on the behavior and interactions of economic agents and how economies work.

Why we study economics?

There are many reasons to study economics, of which:
  1. To understand the laws of supply and demand.
  2. To understand the global market.
  3. To learn how to make money.
  4. Understanding how to protect the effect of inflation.

باحث اقتصادي هدفي إنشاء موسوعة عن الدول العربية توضح جوانب القوة في كل دولة، واتمني أن يأتي اليوم الذي يتحد فيه العرب لتعم الفائدة علي كل الشعوب.


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