Blog #1
3 Definitions of Economics:1. A social science concerned chiefly with description and analysis of the production, distribution and consumption of goods and services.
http://meriam-webster.com/dictionary/economics
2. Propsed Definition: Economics is the study of the functioning and malfunctioning of the economy with the aim of improving living standards.
http://businesswekk.com/the_thread/economicsunbound/archives/2007/ol/should_scarcity.html
3. The branch of social science that deals with the production and distribution and consumption of goods and services and their management.
http://wordnet.princeton.edu/perl/webwn
No comments:
Post a Comment