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| "Economics in it's broad meaning" |
Economics, Defined
Economics is the science of resource allocation in the household, firm government or society in order to attain an effective combination that will produce the highest probable result of the least cost.
Economics is the scientific technique of combining the production factors in order to convert resource inputs to goods and services that will satisfy human wants.
Economic is the science of utilizing scarce resources in the production and distribution of goods and services needed by people, business and society for the satisfaction of their consumer needs.
