Page 4 - BOOK CONCEPTS OF ECONOMIC SCIENCE BY RIZKI RAMADHAN
P. 4
A. Concepts of Economics
1. DEFINITION OF ECONOMICS
ECONOMICS IS A BRANCH OF SOCIAL SCIENCE THAT
STUDIES VARIOUS ECONOMIC BEHAVIORS RELATED
TO DECISION MAKING IN ORDER TO MEET LIFE'S
NEEDS BY UTILIZING EXISTING RESOURCES.
2. DEFINITION OF ECONOMICS
ACCORDING TO EXPERTS
A. PAUL A.SAMUELSON
PAUL A. SAMUELSON BELIEVES THAT ECONOMICS IS
THE STUDY OF INDIVIDUALS AND SOCIETY IN MAKING
CHOICES WITH OR WITHOUT USING MONEY, AS WELL
AS USING LIMITED RESOURCES TO PRODUCE GOODS
AND/OR SERVICES AND DISTRIBUTE THEM FOR
CONSUMPTION NEEDS.
.
B. J.M KEYNES
J.M KEYNES STATED THAT ECONOMICS IS A THINKING
TECHNIQUE THAT IS USEFUL FOR CONSIDERING A
NUMBER OF COSTS AND THE SHARE OF PROFITS.
C. ALFRED MARSHALL
POLITICAL ECONOMI OR ECONOMIC IS A STUDI OF
MINKIND IN THE ORDINARY BUSINESS LIFE IT
EXAMINES THAT PASRT OF INDIVIDUAL AND SOCIAL
ACTION WHINCH IA MOST CLOSLY CONECTED WITH
THE ATTAINMENT AND WITH THE USE OF THE
NATIONAL REQUISITES OF WELL BEING.
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