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Business and Economics Portal

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Economics

Economics is a social science that teaches human behaviour and welfare as a relationship between ends socially required and scarce means which have alternative uses (Lionel Robbins, 1935). (This is not the only definition of economics, although it is the dominant one.) Interchangeably, Economics is the study of the utilization and distribution of scarce resources among individuals, with the goal of improving their welfare.

Many of the arguments and techniques of modern economics involve mathematics, ranging from simple school-level mathematics to highly advanced mathematical techniques.

See the list of economics topics for a far more comprehensive list of economics topics.

For more information, see the article about Economics and categorisation based on the JEL classification codes system

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This article is licensed under the GNU Free Documentation License. It uses material from Wikipedia


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