Nature and Scope of Economics

14 Pages Posted: 13 Nov 2017

See all articles by Amaka Metu

Amaka Metu

Nnamdi Azikiwe University - Department of Economics

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

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

Amaka Gertrude Metu (Contact Author)

Nnamdi Azikiwe University - Department of Economics ( email )

Enugu-Onitsha Expressway
Nnamdi Azikiwe University
Awka, Anambra
Nigeria

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