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BIOLENA, ARVIN C.June 16, 2011 IT-11112011345611 What is Economics? The branch of social science that deals with the production, consumption and dispersion of safe(p)s, services and their wariness. This includes capital and raw materials as well as labor and more abstract resources.  Economics provide be defined as the study of human commercial proceedings and the mixed forms of social organization that facilitate such transactions. It can also be defined as the study of how individuals and nations progress to decisions on how to use scarce resources to fill unlimited insufficiencys and needs.  OIKONOMIA Oikonomia comes from oikos core house.  In ancient society, the household was larger and more high-powered; becoming its own entity.  So you get oikonomia meaning management of the household. Economist Economists study how society distributes resources, such as land, labor, raw materials, and machinery, to maturate goods and services. They conduct research, collect and analyze data, monitor economic trends, and civilise forecasts on a wide variety of issues, including energy costs, inflation, have-to doe with rates, exchange rates, business cycles, taxes, and employment levels, among others. Economists take aim methods for obtaining the data they need.

For example, sample techniques may be used to conduct a survey, and various mathematical modeling techniques may be used to develop forecasts. Preparing reports, including tables and charts, on research results also is an important part of an economic experts job, as is presenting economic and statistical concepts in a top off and meaningful way for those who do not have a background in economics. Some economists also perform economic analysis for the media. Consumers We are the example of consumers, because we buy or patronize one product. Or a purchaser of a good or service in retail. Producers Producers have a calculate hand in generating revenues and profits. In general, their jobs involve sales, the management of... If you want to get a full essay, order it on our website: Ordercustompaper.com

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