Economics

Economics

basics of economics

Industry: Economy

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Economics

Capital goods

Economy; Economics

A specialised term which refers to real objects owned by individuals, organizations, or governments to be used in the production of other goods or commodities.

Economic theory

Economy; Economics

It provides an outlet for research in all areas of economics based on rigorous theoretical reasoning and on topics in mathematics that are supported by the analysis of economic problems.

Scarcity

Economy; Economics

A pervasive condition of human existence that exists because society has unlimited wants and needs, but limited resources used for their satisfaction.

Economic analysis

Economy; Economics

Systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints.