English eLearning - Inter Economics.
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senior secondary course. Intermediate economics. Definitions of economics Introduction Economics is a social science. It probes into man's economic behaviour and problems reflected in economic activities. Economics as a science studies the individuals and organisations in the society engaged in the production, distribution and consumption of goods and services objectives. After going through this lesson, you will be able to understand the following origin and meaning of economics, subject matter of economics, definitions of economics criticism. The term economics is originally derived from the Greek word. OK, adios means a house and no mouse means to manage meaning. Household management. Adam Smith was the first man to convert all economic decisions into a science. Adam Smith is considered as the father of economics. Adam Smith defined economics as the study of wealth. Economics is the science which deals with Welt. Walker defined economics as the body of knowledge which relates to wealth. Alfred Marshall, in his famous book Principles of Economics in the Year 18 90 defines economics as the study of man and his welfare. He shifted the emphasis from welt to welfare besides Marshall, Beverage cannon and pig, who also defines economics in terms of welfare. Yeah,