Available under Creative Commons-ShareAlike 4.0 International License.
LEARNING OBJECTIVES
- Define economics.
- Explain the concepts of scarcity and opportunity cost and how they relate to the definition of economics.
- Understand the three fundamental economic questions: What should be produced? How should goods and services be produced? For whom should goods and services be produced?
Economics is a social science that examines how people choose among the alternatives available to them. It is social because it involves people and their behavior. It is a science because it uses, as much as possible, a scientific approach in its investigation of choices.
- 瀏覽次數:2379