The word Economics means _.
Dear Student
The word economics simply means "Household management",
however, the definition as per subject's perspective is " economics is the science of human behavior relating to the allocation of resources in such a manner that the producer gets maximum profits, the consumers get maximum satisfaction, and the society gets maximum welfare".
Regards
The word economics simply means "Household management",
however, the definition as per subject's perspective is " economics is the science of human behavior relating to the allocation of resources in such a manner that the producer gets maximum profits, the consumers get maximum satisfaction, and the society gets maximum welfare".
Regards