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Economics: role in decisions

"What is economics? What role does economics play in your personal financial decisions and the decisions that your organization makes? What are the resources that are available to you in your efforts to understand current economic conditions?"

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"What is economics? What role does economics play in your personal financial decisions and the decisions that your organization makes? What are the resources that are available to you in your efforts to understand current economic conditions?"

Economics is the social science that studies the production, distribution, and consumption of goods and services. (Wiki, 2009) As per the Richmond, Economics is the study of the making, buying, and selling of goods or services. Hence Economics analyzes issues like demand, supply, production and helps in solving the problems. As per bized, economics helps in taking following decisions relating to the organization:
What goods and services should an organization produce?
How much the goods and services be produced?
What should be the technology ...

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Response discusses economics: role in personal and organization financial decisions

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