Economics: An Introduction

Economics comes from Greek word 'Oikonomos'

Economics comes from Greek word 'Oikonomos' meaning household management. In Sanskrit, it's called 'Arthashashtra' meaning science of benefits. Modern

Economic activities are performed with

Economic activities are performed with the purpose of obtaining economic benefits, involving exchange and costs (e.g., working for salary, buying good

Microeconomics studies individual economic units like

Microeconomics studies individual economic units like consumers, firms, and workers using marginalism principle. Macroeconomics examines economy-wide

Economic data can be presented descriptively

Economic data can be presented descriptively, through tables, or graphs/diagrams. Statistical information supports economic principles, shows trends,