Many theories are studied in economics including the theory of free market economic theory circles, invisble hand, informatics economy, economic resilience, mercantilism, Britons woods, and so forth. This is possible because the economy is basically - as mentioned above - is the study of human choice. Economic theory can also be used in areas other than monetary, such as the study of criminal behavior, scientific research, death, politics, health, education, family and others. Economics also functioned as the family of applied science in management, business, and government. In addition, the economic subjects can also be divided into positive (descriptive) vs. In general, subjects in the economy can be divided in several ways, most notably the microeconomics vs macroeconomics. ' While the definition of an economist or an economist is a person using economic concepts and data in the work. Adam Smith recognized as the father of economics The word 'economy' itself comes from the Greek word οἶκος (oikos), which means 'family household' and νόμος (nomos), or 'rules, rules, laws,' and broadly defined as 'home rule' or 'management household. The problems were then led to scarcity (Ingg: scarcity). The core economic problem is the imbalance between human needs are not limited to the means of satisfying the needs of a limited number. Economics Economics is the science which studies human behavior in selecting and creating prosperity.
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