Thursday, September 6, 2018
ECONOMICS FOR BEGINNERS
Economics is the field of study that
has become increasingly in our globalized, financial society. Basically
... Economics deals with choice, also with money and
borrowing, production and consumption, trade and markets, employment and
occupations, asset pricing, taxes and much more.
· Economic Process: These activities, actions,
and operations that involve the production and sale of goods and services. This
included the extraction of raw materials and natural resources.
· Capital Accumulation Process: Economic
processes that act upon the man-made capital like investment & capital
accumulation.
· Production Process: Generating value addition
through exploiting natural resources, human resources and man-made capital.
· By studying economics you have the
opportunity to take on his challenge & manage resource scarcity and address
the requirements for human survival and economic sustainability.
· The study of economics is a huge asset to a
student’s education as it develops lifelong learning skills crucial to their
success in the real world.