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Meaning and Scope of Economics by BayuLuckyFauzi is a document available to read on EtoBox.

What is Meaning and Scope of Economics about?

The document discusses the meaning and scope of economics. It states that economics is the study of human efforts to satisfy unlimited wants through limited resources. The scope of economics includes description of economic activity, analysis to explain phenomena like price variations, explanation of how economic systems function, and prediction of outcomes from policy decisions. Ultimately, economics aims to inform citizens and improve decision-making, not pass judgement.

Author

BayuLuckyFauzi

Language

EN