Nature and Scope of Economics
14 Pages Posted: 13 Nov 2017
Date Written: November 9, 2017
Abstract
Economics is a very interesting subject because it analyses how human beings make choices in an effort to maximize utility. It also analyses how a society seeks to allocate their limited resources in other to achieve growth. According to Ahuja (2008), the knowledge of economics helps all economies in enhancing economic growth as well as eradication of unemployment and poverty.
Keywords: Economics, Classical, Neo-Classical
Suggested Citation: Suggested Citation
Metu, Amaka Gertrude, Nature and Scope of Economics (November 9, 2017). Available at SSRN: https://ssrn.com/abstract=3068214 or http://dx.doi.org/10.2139/ssrn.3068214
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