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Economics Analysis & its Methods

By Richard Daniels Reading Time: 4 mins
Updated January 27, 2017
Economics Analysis

Economics Analysis studies how rational individuals make their decisions under conditions of scarcity while facing different alternatives, and how these decisions affect other economic agents. It starts from the idea that individuals rationally decide rules of behavior, rules such as maximizing their utility, whether consumers, or maximizing their benefits, if it is producers, trying to achieve […]

Importance of Economics in Business

By Richard Daniels Reading Time: 3 mins
Updated January 11, 2018
Importance of Economics

To know the Importance of Economics in Business, first we should talk about economics. Economics is the science that deals with the study of scarce resources that society needs to exist. Its production, distribution and reuse. These resources can be goods like; Food, clothing, technology, housing, etc. And among the services we can highlight; Health, education, housing, potable water, […]

What is Economy | Definition & Basic Concepts

By Richard Daniels Reading Time: 3 mins
Updated January 27, 2017
What is Economy

The economy definition / What is Economy? The economy is a social science that studies the processes of extraction, production, exchange, distribution and consumption of goods and services. In a figurative sense, economy means rule and moderation of expenditure and saving. What is Economy | Economy Definition The word economy comes from the Latin œconomy […]

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Business Study Notes

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