Economics

 

Commercials Division
Economics Department

What is ECONOMICS?

1. Economics the study which looks at the production and distribution of goods and services in a society, when there is scarcity of resources.
2. Economics is the study of how limited resources are utilised efficiently, with the aim of attaining adequate satisfaction of human needs and wants.

Branches of Economics

1. Microeconomics: Economics from a narrow perspective
2. Macroeconomics: Economics from a larger scale of an economy.