Company: Others
Created by: Fatima
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- Tamil (TA)
- Filipino (TL)
- Croatian (HR)
- Dutch (NL)
- English, UK (UE)
One of the fundamental economic theories in the operation of any economy.
Systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints.
It provides an outlet for research in all areas of economics based on rigorous theoretical reasoning and on topics in mathematics that are supported by the analysis of economic problems.
Any commodities or services used to produce goods and services.
It occurs naturally within environments that exist relatively undisturbed by mankind, in a natural form.
The assets which an economy may have available to supply and produce goods and services to meet the ever-changing needs and wants of individuals and society.