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Category:Economics

From Academic Kids

Economics is a social science that studies human behavior and welfare as a relationship between ends socially required and scarce means which have alternative uses (Lionel Robbins, 1935). (This is not the only definition of economics; instead it is the dominant one.) Interchangeably, Economics is known as the utilization of resources and distribution of those among individuals with the goal of providing welfare of them.

Many of the arguments and techniques of modern economics involve mathematics, ranging from simple school-level mathematics to highly advanced mathematical techniques.

See the list of economics topics for a far more comprehensive list of economics topics.

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