Concept in Economics | Revenue | Cost and So on NEB 12 Economics
NEB 12 Economics Comprehensive Guide: From Basic Concepts to Advanced Theories - Powered by FEEN FEEN Tuition & Coaching Home NEB 12 Notes Contact SECTION 1: The Foundation of Economic Study What is Economics? A Deep Dive into the Science of Scarcity and Choice Economics is often described as the social science that studies how individuals, businesses, governments, and nations make choices about allocating scarce resources to satisfy their unlimited wants and needs. It's a discipline that goes far beyond the mere study of money, encompassing a wide range of human behavior and social interactions. At its core, economics is about understanding the trade-offs we face in a world where resources are finite. It seeks to answer fundamental questions about what to produce, how to produce it, and for whom to produce it, all whi...