DEFINATION OF ECONOMICS
Adam smith is the father of economics
economics word divided from two words:
oikos(household)
nemien(management)
Economics is the study of problem of choice.
economics study how human beings make choices to scarce resources to satisfy their unlimited wants.
Adam smith is the father of economics
economics word divided from two words:
oikos(household)
nemien(management)
Economics is the study of problem of choice.
economics study how human beings make choices to scarce resources to satisfy their unlimited wants.