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Economics - what IT is about
Many of the Words by USED Economists are very are familiar to us. For We
the know That Economists and the write to talk about such topics as with money, prices, wages, Employment, Taxes, exports file and imports is, Earning, and Spending. Every day some economic problem or other is mentioned in the newspapers, on the radio and on the television. Economics is a science ™ and part of Our everyday the lives, for:
• we the live in an Economic system
• every day we to take part in Economic activities Insider, and
• we are are familiar with the Words USED by Economists.
Economics is about economising, That is, 'the-making are most of
what we have'. For the Individual, the this Means using the one's's abilities and Spending one's's income ratio in the way That Gives the
are most satisfaction or benefit.
For the community as with a Whole, IT Means using the the people's
skills and Energies, the land, the buildings, the machinery and the other economic resources so as to obtain the highest possible standards of living.
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