In economics, demand implies something slightly different from the common meaning of the term. The layman, for example, often used the term to mean the amount that is demanded of an item. Thus,if the price were to decrease and individuals wanted more of the item, it is commonly said that...
The meaning of ECONOMIC is of, relating to, or based on the production, distribution, and consumption of goods and services. How to use economic in a sentence.
Economics involves allocating resources to meet peoples' needs and desires for goods and services. Explore the definition and types of economics including microeconomics and macroeconomics and learn about growth vs. sustainability. Related to this QuestionWhat...
The meaning of ECONOMICS is a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services. How to use economics in a sentence.
the goods that which is expected or promised to deliver the goods the real thing incriminating evidence (esp in the phrasehave the goods on someone) a piece of goodsslang. a person, esp a woman Discover More Idioms and Phrases seedamaged goods;deliver the goods;get the goods on;sell a bi...
The following sections are included:Goods and ServicesResourcesScarcityChoicesAlternative UsesOpportunity CostPresent and Future ConsumptionSocial ScienceSummarydoi:10.1142/9789812773029_0001Arleen J. HoagJohn H. HoagIntroductory EconomicsOlopoenia, R.A. 1983. On the Meaning of Economic D(11'elopment in ...
the complex of activities related to the consumption, production, and trade of goods and services, as an ongoing functioning system: Further inflation would seriously endanger the national economy. Usuallythe economy. the general state of these activities at a particular time and in a certain countr...
Example: “She decided to major in economics to understand global financial systems better.” Economy (Noun) The state of a country or region in terms of the production and consumption of goods and services and the supply of money. Example: “The economy has been growing at a steady pace ...
Education and Economics in West Africa: From Unwritten Languages to the Internet Global distribution of West African goods--coffee, chocolate, gold, diamonds (and at one time, ivory)--has linked this region to the outside world for cent... M Alibrandi,PH Bull - 《International Journal of So...
goods plural : something manufactured or produced for sale : wares, merchandise canned goods e goods plural, British : freight 4 : good persons used with the 5 goods plural a : the qualities required to achieve an end b : proof of wrongdoing didn't have the goods on him T...