Saturday, March 31, 2012
Wednesday, March 7, 2012
INTRODUCTION TO ECONOMIC
1. ECONOMIC?
· Social science
· Allocation of scarce
· Maximizing satisfaction
2. RESOURCES :
a) Land
b) Labour
c) Capital
d) Enterpreneurship
3. BASIC ECONOMIC CONCEPT :
· Scarcity
· Choice
· Opportunity cost
4. ECONOMIC SYSTEM :
a) Traditional economy
b) Market economy
c) Command economy
d) Mixed economy
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