Definitions of economics and its 'parts' by https://padlet.com/leemccallum3/bwpded1ftkxmzu6n Made with whimsy en-us 2021-03-20 18:57:57 UTC 2021-06-18 14:28:29 UTC hello@padlet.com Kyle https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1364142163 Economics is a social science concerned with the production, distribution, and consumption of goods and services and is generally divided into macroeconomics, which concentrates on the behaviour of the economy as a whole, and microeconomics, which focuses on individual people and businesses.]]> 2021-03-29 13:59:46 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1364142163 Economics is the study of the production, distribution , and consumption of wealth in human society, but this perspective is only one among many different definitions. https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1364239041 2021-03-29 14:21:14 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1364239041 Iain https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1364380429 Economy refers to the production and reproduction of the material materials of the whole society, and refers to the social material production, circulation, exchange and other activities. Economy is the material basis of human society.Economic factors may include costs such as wages, interest rates, governmental activity, laws, policies, tax rates, and unemployment. All of these factors occur outside of the business or investment itself, but they heavily influence the value of the investment in the future. These factors can also include any information that has an effect on the current or future value what is being examined.]]> 2021-03-29 14:52:59 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1364380429 POL https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1364526672 The economics is a social science that study how people use scarce resources, create and manage products and services to satisfy their needs. 
In other words, it studies:
1. The extraction, production, exchange, distribution and consumption of goods and services.
2. How to satisfy unlimited human needs with limited resources.
3. The way in which people and societies survive.]]> 2021-03-29 15:25:20 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1364526672 Vladimir https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1365676469 Economics is the social science which is aimed to people's interaction with value, especially to the production, distribution, and consumption of goods and services. Economics is splited into microeconomics and macroeconomics. Microeconomics analyses basic elements in the economy such as individual agents and markets, macroeconomics study the economy as an entire system. ]]> 2021-03-29 20:07:35 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1365676469 mus000511 https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1365780735 According to Mark Blaug, Economics is social science which purse in the purpose of resolving and define the production, distribution and consumption of affluence. 

There are four parts of economics,
1. Traditional Economic System, is based on goods, services, and works and usually done in rural area. it lacks on resource becuase of its limit.

2. Command Economic System, centralized or government owned. controling resources such as gold and oil. it cannot adjust when there is a crisis since it's centralized.

3. Market Economic System, is the concept of free market or little interference from government. it is based on supple and demand system. capitalism and privatized vast resources by certain companies.

4. MIxed System, combining market and command system. a market system which controlled by regulation. used in most developed countries. the downside is whether the government have a strong control or the free market.

]]> 2021-03-29 20:48:12 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1365780735 define the subject of Economics... https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1366252726 -it is primarily focus on the production,   distribution and consumption of goods and services. it tries to detect how people , business and governments should best associate with each other and to allocate activity to achieve the most products. 
Economics is the study of how resources are allocated in situations where they have different users.
zilong

  ]]> 2021-03-30 01:02:48 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1366252726 Definition of Economics sak00205 https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1367393024 - primarily focused on the production, distribution and consumption of goods, ideas and services, and tries to determine how people, businesses and governments should best associate with each other and organise activity to achieve maximum output.
Divided in 2 part:
- microeconomics (looking at how individuals and businesses operate in their local environments);
- macroeconomics (looking at how governments and countries interact).

]]> 2021-03-30 10:00:43 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1367393024 austin https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1367576112 Economics is the study of various economic sciences at different stages of human life. The scientific activity of studying its direction, law, process, and results. Is it the study of how to use scarce resources to produce demand and value]]> 2021-03-30 11:37:55 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1367576112 Economics is social science concerned with the production, distribution, and consumption of goods and services. Micro-Economics looking at how individuals and businesses operate in their local environments. Macro-Economics looking at how governments and countries interact, and how matters such as inflation and exchange rates affect trade. https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1367660970 2021-03-30 12:10:59 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1367660970 Mesiri https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1600864532 Economics involves using the recourses or stuff we have to satisfy our needs and wants. It involves finding ways to use our limited goods and raw materials to satisfy desires. To satisfy these desires, we would need to know what goods to produce, and what needs to satisfy as well as how to produce them and in what quantity, and economics involves figuring those things out. ]]> 2021-06-11 11:59:27 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1600864532 Syed Sajeel Haidar https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1603271593 Economics is the study of particular markets, and segments of the economy. It looks at issue such as consumer behaviour, individual markets, and the theory of firms.]]> 2021-06-13 10:54:28 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1603271593 Daniela https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1604650264 Economics is a science that studies markets amongst businesses and countries. It describes consequences of changes in the market and how these changes affect other factors. ]]> 2021-06-14 08:45:30 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1604650264 Alazhar https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1604650481 The economy is the human activity that includes the production, distribution, exchange and consumption of goods and services Economics is also defined as a social field that focuses very, very much on the physical practices, discourses, and expressions associated with the production, use, and management of resources.]]> 2021-06-14 08:45:41 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1604650481 Haepyeong Jeong https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1604652771 Economics is a social science concerned with the production, distribution, and consumption of goods and services. Basically, economics focuses on the actions of human beings]]> 2021-06-14 08:47:22 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1604652771 Muhammad mua00095 https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1604654035 Economics is a social science that studies how products and services are produced, distributed and consumed. The two major types of economics are microeconomics which focuses on individual
consumer and producer behaviour and macroeconomics which look at the economy as a whole on a regional, national, or international scale.

]]> 2021-06-14 08:48:24 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1604654035 Qihong Fu https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1604660521 Economics is the study of how society uses its limited resources. Also is relevant for every individuals, families, societies, institutions, areas, state and nations and for the whole world. ]]> 2021-06-14 08:53:25 UTC https://padlet.com/leemccallum3/bwpded1ftkxmzu6n/wish/1604660521