• anthony okere Basis of Economics
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    What are the basis of Economics
    20 August 2010Comment
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    • anthony okere Thanks JP...
      Like It0 Unlike It0 21 August 2010
    • JP Williams Basics of Economics are:-

      - Wants
      - Needs
      - Scarcity
      - Choice
      - Scale of preference
      - Opportunity cost

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    • raymond aor Scarcity is the abartros of Economics, all economic principles and theories are hinge on the premise of limited scarce resources in the mist of unlimited wants.
      Like It1 Unlike It0 25 November 2010