Economics
(402)
Q.1 Analyze different definition of economics on the basis of wealth, welfare and scarce resources. Which is the more appropriate definition in face of today’s modern world? Furnish a comparative discussion. (20)
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Economics
(402)
Q.1 Analyze different definition of economics on the basis of wealth, welfare and scarce resources. Which is the more appropriate definition in face of today’s modern world? Furnish a comparative discussion. (20)
Economics (402)
Q.1 Which definition of
economics is based upon the notions of ends, means and alternative uses. Also
discuss why the said definition is preferred over all other definitions. (20)
Economics can be defined as the study of how individuals, businesses, and governments make