Economics notes

at the end learners should be able to:
Distinguish between economics and other social sciences like sociology, ethics etc
• Understand the meaning of scarcity as used in economics
• See how scarcity is at the centre of all economic problems
• Enumerate economic goals and problems
• Know that it is difficult to arrive at "Pure" economic decisions since the economic problems are closely bound up with political, sociological and other problems
• Understand the reasons for specialization and Exchange

economics

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