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Economics Echos About Finance And Money

Economics Echos About Finance And Money

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Economics

“Seedhi bhasha mein economics is a khel of gareeb kamayega kya aur bachaygaa kya. Also, iss khel ke vigyaniko ko economists keh sakte hai.”

1. Economics is a concern of what, how and for whom to produce a particular product or service? In other words, it includes the production, distribution and consumption of goods and services.

Economics

2. The person who analyses these things at various societal levels (micro and macro) designates himself as an Economist.

Economist

via latimes

3. Economists Explore 4 Economic Systems: Traditional, Command Market, and Mixed.

Economic Systems

via redbubble

4. Technically, economics is a study of 4 (primary) concepts: the scarcity of resources, supply and demand of goods/services, costs and benefits and incentives.

5. Economics studies the behaviour and interactions between those who earn and sell for the purpose of survival and profit. It is also about how and why we make purchasing choices.

Economics

via google

6. Why do economists do what they do? Like, isn’t it kind of boring? Well, no! Economists know how societies, governments, businesses, households and individuals allocate their “limited” resources. This optimal allocation, in turn, affects one’s profits and lifestyles (other than societies, institutes and communities).

7. A deeper study of these sciences can even lead to valuable knowledge for taking and making decisions of everyday lives.

sciences deeper study

via worldart

8. Adam Smith is known as the father of modern economics.

See Also

Adam Smith

via medium

9. Do you know, The Nobel Prize in Economics is not genuine!

Toh bhaiya zara faltu ke money-making messages se dhyan hatao! Instead, put that time of yours into studying a practical subject: Economics.

This social science course can actually help you incur profits! How? By knowing how to optimally distribute and utilize the resources that are always limited and scarce

Blog Edited By Ritika Gupta

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