2.2 What exactly is economics? (1)

2.2 What exactly is economics?


(1) Etymology. The English word “economics” comes from the Greek words “oikos” (house), and “nemos” (norms), which roughly means “household management”.
(2) Definition of economics. There’s no one universally accepted answer to the question “What is economics?” There are many definitions, past and present, which have been applied to the term economics.
Still, broadly speaking, economics is a social science, a “school of thought” or “theory”, and its area of study is human activity involved in meeting people’s needs and wants. Economics tells us how people and economies normally behave, and why they behave like that/the way they do, and predicts what will result if certain economic factors are disturbed or changed.
(3) Early definitions of economics. Two of the earliest definitions of economics based on the notion of wealth and offered by Adam Smith (1723-1790), generally regarded as the father of economics, are “the science of wealth” and “the science relating to the laws of production, distribution and exchange (of wealth)”. Some academic dictionaries still define economics as “a social science that studies the production, distribution, and consumption of goods and services and their management” or as “the science of how people produce goods and services, how they distribute them among themselves, and how they use them”, while modern academic definitions of economics involve mostly the notions of scarcity and choice.
(4) Modern definitions of economics. Though the exact wording differs from author to author, the standard definition of economics in terms of scarcity and choice is something like this: “Economics is a social science which examines how people choose to use limited or scarce resources in order to satisfy their unlimited wants”. This scarcity definition of economics means that people’s resources are scarce, and whenever an individual, a business, or a nation faces a competing alternative, a choice must be made. From this point of view, economics is essentially the study of choice and decision-making in a world with limited or, otherwise, scarce resources.
The focus on scarcity continues to dominate neoclassical economics, which, in turn, predominates in most academic economics departments, though it has been criticized in recent years from a variety of quarters.
(5) Other definitions of economics. The above definitions of economics are the dominant but not the only possible ones. Beyond them, there are many other definitions ranging from “the dismal science” and “what economists do” to “the mechanics of utility and self-interest” and “the study of how people earn their daily bread”, depending on the school of economic thought the economists represent and/or their sense of humour.
(6) To sum up. So, what exactly is economics in modern terms? Economics, first and foremost, is a social science, a " school of thought" or "theory". As such, economics helps to explain the mysteries of human behaviour in relation to the production, distribution and consumption of goods and services under conditions of scarce resources and unlimited wants: why people and economies behave the way they do, and why things happen the way they do.
Neoclassical economics is mostly the study of scarcity and choice. More precisely, it is the study of how individuals and society choose to use limited resources in an effort to satisfy their unlimited wants.
The role of economists it thus to analyze scarcity and make predictions and practical recommendations regarding the most effective ways of using available resources to achieve people's economic desires and goals.

Результаты (английский) 1:

2.2 What exactly is economics? (1) the Etymology. The English word "economics" comes from the Greek words "oikos" (house) and "nemos" (norms), which roughly means "household management". (2) Definition of economics. There's no one universally accepted answer to the question "What is economics?" There are many definitions, past and present, which have been applied to the term economics.Still, broadly speaking, economics is a social science, a "school of thought" or "theory", and its area of study is human activity involved in meeting people's needs and wants. Economics tells us how people and economies normally behave, and why they behave like that/the way they do, and predicts what will result if certain economic factors are disturbed or changed. (3) Early definitions of economics. Two of the earliest definitions of economics based on the notion of wealth and offered by Adam Smith (1723-1790), generally regarded as the father of economics, are "the science of wealth" and "the science relating to the laws of production, distribution and exchange (of wealth). Some academic dictionaries still define economics as a social science that studies the production, distribution, and consumption of goods and services and their management "or as" the science of how people produce goods and services, how they distribute them among themselves, and how they use them ", while modern academic definitions of economics involve mostly the notions of scarcity and choice.(4) Modern definitions of economics. Though the exact wording differs from author to author, the standard definition of economics in terms of scarcity and choice is something like this: "Economics is a social science which examines how people choose to use limited or scarce resources in order to satisfy their unlimited wants." This scarcity definition of economics means that people's .resources are scarce, and whenever an individual, a business, or a nation faces a competing alternative, a choice must be made. From this point of view, economics is essentially the study of choice and decision-making in a world with limited or, otherwise, scarce resources. The focus on scarcity it to dominate neoclassical economics, which, in turn, predominates in most academic economics departments, though it has been criticized in recent years from a variety of quarters.(5) Other definitions of economics. The above definitions of economics are the dominant but not the only possible ones. Beyond them, there are many other definitions ranging from "the dismal science" and "what do economists" to "the mechanics of utility and self-interest" and "the study of how people earn their daily bread", depending on the school of economic thought the economists represent and/or their sense of humour.(6) To sum up. So, what exactly is economics in modern terms? Economics, first and foremost, is a social science, a "school of thought" or "theory". As such, economics helps to explain the mysteries of human behaviour in relation to the production, distribution and consumption of goods and services under conditions of scarce .resources and unlimited wants: why people and economies behave the way they do, and why things happen the way they do.Neoclassical economics is mostly the study of scarcity and choice. More precisely, it is the study of how individuals and society choose to use limited resources in an effort to satisfy their unlimited wants.The role of economists it thus to analyze scarcity and make predictions and practical recommendations regarding the most effective ways of using available .resources to achieve people's economic desires and goals.

Результаты (английский) 2:

For What exactly is 2.2 economics ACTUALITY?


(1) Etymology. English word of The "economics ACTUALITY" Comes from the Greek Words "oikos" (house), and "nemos" (Norms), the which Roughly Means "household management".
(2) Definition of economics. There's no one universally accepted answer to the question "What is economics?" There are many definitions, past and present, which have been applied to the term economics. Still, broadly speaking, economics is a social science, a "school of thought"
or "theory", and its area of study is human activity involved in meeting people's needs and wants. Tells us how of Economics and Economies Normally people behave, and why for They behave like That / the way for They do, and Predicts what the if of result will of Certain Economic Factors are Disturbed or changed.
(3) Early definitions of economics. Two of the earliest definitions of economics based on the notion of wealth and offered by Adam Smith (1723-1790), generally regarded as the father of economics, are "the science of wealth" and "the science relating to the laws of production, distribution and exchange (of wealth) " . Some academic dictionaries still define economics as " a social science that studies the production, distribution, and consumption of goods and services and their management" or as "the science of how people produce goods and services, how they distribute them among themselves, and how use Them for They ", 'while' modern Academic definitions of economics ACTUALITY Involve Mostly the Notions of scarcity and choice.
(4) modern definitions of economics. Though the exact wording differs from author to author, the standard definition of economics in terms of scarcity and choice is something like this: "Economics is a social science which examines how people choose to use limited or scarce resources in order to satisfy their unlimited wants ". This scarcity definition of economics means that people 's resources are scarce, and whenever an individual, a business, or a nation faces a competing alternative, a choice must be made. The From the this point of the view, economics ACTUALITY is Essentially the study of choice and Decision--making in a world with Limited or, Otherwise, scarce resources.
Of The focus on scarcity Continues to Dominate neoclassical economics ACTUALITY, the which, in turn, predominates in are most Academic economics ACTUALITY the departments , Though IT has Been criticized in recent years from a Variety of Quarters.
(5) Other definitions of economics. The above definitions of economics are the dominant but not the only possible ones. Beyond them, there are many other definitions ranging from "the dismal science" and "what economists do" to "the mechanics of utility and self-interest" and "the study of how people earn their daily bread", depending on the school of Economists Thought the Economic Represent and / or Their Sense of Humour.
(6) To sum up. So, what exactly is economics in modern terms? Economics, first and foremost, is a social science, a "school of thought" or "theory". As such, economics helps to explain the mysteries of human behaviour in relation to the production, distribution and consumption of goods and services under conditions of scarce resources and unlimited wants: why people and economies behave the way they do, and why things happen the way do for They.
Neoclassical economics ACTUALITY Mostly is the study of scarcity and choice. More Precisely, IT is the study of how of Individuals and Society from list choose to use Limited resources in an-effort to Satisfy Their of unlimited Wants.
Of The role of Economists IT THUS to an analyze scarcity and the make predictions and Practical Recommendations regarding, the are most effective is ways of using the available resources to achieve people's economic desires and goals .

Результаты (английский) 3:

2.2 what exactly is economics?(1) Etymology. the english word "economics" comes from the greek words "oikos" (house), and "nemos (norms) statistics, which means" household management ".(2) the definition of economics. there "s no one universally accepted answer to the question "what is economics? "there are many definitions, past and present, which have been applied to the term economics.still, broadly speaking, economics is a social science, a "school of thought" or "theory", and its area of study is human activity involved in meeting people"s needs and wants. economics tells us how people and economies normally behave and why they behave like that / the way they do, and predicts what will result if certain economic factors are i or changed.(3) the early definitions of economics. two of the earliest definitions of economics based on the notion of wealth and offered by adam smith (1723 - 1790), generally regarded as the father of economics, are "the science of wealth" and "the science relating to the laws of production, distribution and exchange of wealth). some academic dictionaries still define economics as a social science that studies the production, distribution, and consumption of goods and services and their management "or as" the science of how people produce goods and services, how they distribute them among themselves, and how they use them, "while modern academic definitions of economics involve mostly the notions of scarcity and choice.(4) the modern definitions of economics. though the exact wording differs from author to author, the standard definition of economics in terms of scarcity and choice is something like this: "economics is a social science which examines how people choose to use limited or; resources in order to satisfy their unlimited wants." this scarcity definition of economics means that people "s resources are;, and whenever an individual, a business, or a nation faces a competing alternative, a choice must be made. from this point of view, economics is essentially the study of choice and decision making in a world with limited or, otherwise,; resources.the focus on knob continues to dominate neoclassical economics, which, in turn, predominates in most academic economics departments, though it has been criticized in recent years for a variety of quarters.(5) other definitions of economics. the above definitions of economics are the dominant but not the only possible ones. beyond them, there are many other definitions ranging from "the struggle science" and "what economists do" to "the mechanics of utility and self - interest" and "the study of how people earn their daily as" between the school of economic thought the economists represent and / or their sense of since.(6) to sum up. so, what exactly is economics in modern terms? economics, first and, during, is a social science, a "school of thought" or "theory". as such, the economics helps to explain the mysteries of human behaviour in relation to the production, distribution and consumption of goods and services under conditions of; resources and unlimited wants: why people and economies behave the way they do, and why things happen the way they do.Neoclassical economics is mostly the study of scarcity and choice. more can, it is the study of how individuals and society choose to use limited resources in an effort to satisfy their unlimited wants.the role of economists it thus to simply knob and make predictions and practical recommendations regarding the most effective ways of using available resources to achieve people"s email and economic goals.