Economics Full Notes Form 6 - All Topics:- Economics Form 5 Topics | Form Five Notes by Tanzania Institute of Education | Economics Notes Form 5 to 6 – For A level | Economics Form Five Notes Za A-level PDF Download
What Is Economics?
Economics is a social science concerned with the production, distribution, and consumption of goods and services.
It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.
Economics focuses on the actions of human beings, based on assumptions that humans act with rational behavior, seeking the most optimal level of benefit or utility. The building blocks of economics are the studies of labor and trade.
Since there are many possible applications of human labor and many different ways to acquire resources. It is the task of economics to determine which methods yield the best results.
Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the economy as a whole, and microeconomics, which focuses on individual people and businesses.
Economics Full Notes Form 6 - All Topics
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