ECONOMICS FOR BEGINNERS

ECONOMICS FOR BEGINNERS: UNDERSTANDING THE BASICS

 

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.

BASIC ECONOMIC PROCESSES:

·       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.

BENEFITS OF STUDYING ECONOMICS ONLINE

·       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.