Meaning of Economics

>> Wednesday, December 31, 2008

Economics is science of money . It is the wonderful science in which we see all problems relating to wealth and then try to solve them . In this world , it is general thing , that our wants are more than our resources means our earning or our money or our wealth . This science gives us the guidance how to satisfy of unlimited wants with limited resources .
Here I want to explain the economics with an example .
Suppose , you have RS. 100 and you want to buy clothes , you want to buy stationery and so many other things . If you know economics science , then you will buy most necessary thing and after this saved money will spend comforts and after this buys luxuries . So Economics gives use different techniques with this we can save our fund , our money with better way.

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