According to definitions,economics studies those actions of man connected with we aitch.It studies
man's ordinary business of life.It teacher how to use limited means to satisfy unlimited wants.The
subject matter of economics can be viewed are a continuous circle of unlimited wants.efforts and
satisfaction .
People have numerous wants.The numerous and various types of wants give rise to efforts.Everyday is involved in some type of economics activities.Which may be termed as efforts for example. A dancer dances in a disco cheque,a farmer work in field,a teacher teaches in a school or college,a manager work in a company.All those activities yield wealth as money.The wealth is
spent for the satisfaction of wants arise again efforts are again made and satisfaction are again derived as shown the figure below.
On account of this,economics is treated as the study of wants,efforts and satisfaction.In economics we studies how goods and service are produced,consumed ,exchanged and distributed Hence,consumption,production,exchange,distribution and public finance are main branches of economics.The topics covered by these branches are as follows .
man's ordinary business of life.It teacher how to use limited means to satisfy unlimited wants.The
subject matter of economics can be viewed are a continuous circle of unlimited wants.efforts and
satisfaction .
People have numerous wants.The numerous and various types of wants give rise to efforts.Everyday is involved in some type of economics activities.Which may be termed as efforts for example. A dancer dances in a disco cheque,a farmer work in field,a teacher teaches in a school or college,a manager work in a company.All those activities yield wealth as money.The wealth is
spent for the satisfaction of wants arise again efforts are again made and satisfaction are again derived as shown the figure below.
On account of this,economics is treated as the study of wants,efforts and satisfaction.In economics we studies how goods and service are produced,consumed ,exchanged and distributed Hence,consumption,production,exchange,distribution and public finance are main branches of economics.The topics covered by these branches are as follows .
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