Economics - 711 Words
Economics is the social science that studies the behavior of individuals, households,
and organizations (called economic actors, players, or agents), when they manage or
use scarce resources, which have alternative uses, to achieve desired ends. Agents are assumed to
act rationally, have multiple desirable ends in sight, limited resources to obtain these ends, a set of
stable preferences, a definite overall guiding objective, and the capability of making a choice. There
exists an economic...
711 Words | 3 Pages