JAMB - Economics (2010 - No. 1)
Economics is the study of human behaviour as it relates to the
efficient allocation of resources
production of goods
operation of companies
generation of income
توضیح
Economics as the study of human behaviour has to do with efficiently allocating scarce resources to satisfy human wants. These human wants are unlimited, hence humans would rationally allocate resources to wants that will give them the highest level of satisfaction.