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Economics

Wants: Definition and Examples

Updated on January 22, 2023 by Ahmad Nasrudin

Wants Definition and Examples

What's it: Wants are hopes to have or fulfill something. If we want something, we expect to be able to buy it and have it. It's a felt need

Topic: Business, Economics, Wants Category: Business and Strategy, Introduction to Economics

Needs: Definition, Example, Type

Updated on January 22, 2023 by Ahmad Nasrudin

Needs Definition Example Type

What's it: Needs means requiring something because it is essential. For example, we need food, water, and shelter to sustain our survival.

Topic: Business, Economics, Needs and wants Category: Business and Strategy, Introduction to Economics

Behavioral Economics: Importance, Examples of Concepts

Updated on April 14, 2022 by Ahmad Nasrudin

Behavioral Economics Importance Examples of Concepts

What's it: Behavioral economics is a branch of economics on how psychological factors influence and explain economic decision making. It studies

Topic: Economics, Macroeconomics, Microeconomics Category: Introduction to Economics

Financial Economics: Meaning, Concepts and Topics

Updated on April 14, 2022 by Ahmad Nasrudin

Financial Economics Meaning Concepts and Topics

What's it: Financial economics is one of the branches of economics that focuses on money. It is the intersection between financial studies, financial

Topic: Economics, Financial Economics Category: Introduction to Economics

What is the Difference Between Needs and Wants?

Updated on April 17, 2022 by Ahmad Nasrudin

What is the Difference Between Needs and Wants

The difference between needs and wants lies primarily in how essential they are to our survival. We must meet the needs to support daily

Topic: Business, Economics, Needs and wants Category: Business and Strategy, Introduction to Economics

Economics: Key Concepts and Its Importance

Updated on April 8, 2022 by Ahmad Nasrudin

Economics Key Concepts and Its Importance

Economics is a social science about the allocation of scarce resources to meet unlimited human needs. It discusses production, consumption, and

Topic: Economics Category: Introduction to Economics

Why is economics a social science?

Updated on October 25, 2019 by Ahmad Nasrudin

Why is economics a social science

Paul Samuelson, an economist, said, "economics is the queen of the social sciences." It reveals various aspects of human behavior and interaction,

Topic: Economics Category: Introduction to Economics

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