Meaning And Scope of Economics (Simplified)

Meaning And Scope of Economics - Detailed Explanations and Solved Questions...

00:00 - Intro
00:38 - Economics from Greek Word Oikunomia
03:06 - Adams Smith Economics Definition
03:46 - Alfred Marshal Economics Definition
04:10 - John Stuart Mills Economics Definition
04:58 - Lionel Charles Robbins Definition
06:49 - Is Economics Science or Social Science?
08:14 - Twin Problems of Economics
08:33 - Basic Economics Concepts
08:50 - Meaning of Wants
09:50 - Meaning of Scarce
10:34 - Meaning of Choice
11:42 - Scale of Preferences in Economics
12:44 - Opportunity Cost (Real Cost)
14:39 - Basic Economics Problems of Society
15:05 - Question of What to Produce
15:44 - Problem of How to Produce
16:35 - Question of For Whom to Produce
17:19 - Efficiency of Resources Use
17:47 - Micro Economics and Macro Economics
19:05 - Questions Under Scope of Economics

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