How do you define economics?(Note: i am not asking about the literal definations.)?

12 Answers

Relevance
  • NC
    Lv 7
    1 decade ago
    Favorite Answer

    The key to defining any discipline is to define problems that are typically solved by its practitioners. Also, defining a broad discipline is usually meaningless. Give me any definition of mathematics, and I will find you at least one branch of mathematics that does not conform to that definition. Same goes for economics.

    So instead of defining economics, you should be defining narrowed disciplines within it: the study of prices and profits (microeconomics), the study of national income, inflation, and unemployment (macroeconomics), the study of wealth distribution (political economy), etc.

  • Amber
    Lv 4
    4 years ago

    So what is the point in describing how they were dressed? Do you mean to allude that all female atheists dress like hookers? Can you count how many boob jobbed, bikini clad miss America's gave all the glory to Jeebus? I can. It sounds like you are trying to find any small avenue you can find to attack, no matter how meaningless. Do you have an actual question? If you really think we can't see through this you are a wingnut.

  • 1 decade ago

    Economics is the study of the distribution of limited resources to satisfy man's unlimited desires.

  • 1 decade ago

    Economics is the science of effective decision making.

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    Economics is to The System as Morpheus is to the Matrix.

  • Goethe
    Lv 4
    1 decade ago

    Economics is an anti-social, non-scientific social science.

    Since the time of Thomas Malthus, it has also been know as the "dismal science."

  • 1 decade ago

    Economics is "opportunity cost". Period.

    From "opportunity cost", all other theories derive (e.g. Supply & Demand, etc).

    Amazes me how many people forget this Economics 101.

  • Anonymous
    1 decade ago

    Economics is the study of the allocation of scarce resources.

  • 1 decade ago

    the branch of social science that deals with the production and distribution and consumption of goods and services and their management

  • 1 decade ago

    Its all about the relation between money and goods and services

Still have questions? Get your answers by asking now.