Economics is the social science that analyzes the production, distribution, and consumption of goods and services.

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Thursday, 10 November 2011

Factors of Production

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Basic Economy Problems

The basic economic problems. To achieve maximum satisfaction, people need making the best choice as the guide, so five economics basic question need to be answered first. 1.         What to produces ·         This problem is concerned with that goods and services will be produces. ·    This problem was happen because limited factors of production but demand for the goods and services is not limited.·         So,...

Basic Economy Concepts

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Positive and Normative economy statement

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Definition of Economy

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