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प्रश्न
What is meant by economics?
What is economics?
What is economics all about? Or what is economics?
अति संक्षिप्त उत्तर
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उत्तर १
The term ‘Economics’ comes from oikonomikos, which means ‘management of households.’ ‘Political Economy’ is renamed as ‘Economics’ by Alfred Marshall.
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उत्तर २
Economics is all about making choices in the presence of scarcity.
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