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What is Economics?
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Asked 6/28/2012 3:22:31 AM
Updated 6/16/2014 6:17:40 AM
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User: What is Economics?

Weegy: There are two main types of economics: macroeconomics and microeconomics. Microeconomics focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders. [ Macroeconomics, on the other hand, takes a much broader view by analyzing the economic activity of an entire country or the international marketplace. ]
Ninjakat|Points 0|

Question
Asked 6/28/2012 3:22:31 AM
Updated 6/16/2014 6:17:40 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by WeeCHEN [6/16/2014 6:17:26 AM]
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Economics is the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.
Added 6/16/2014 6:17:40 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [6/16/2014 6:18:03 AM]
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What is demand?
Weegy: Read more: (More)
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Updated 9/6/2016 11:50:54 AM
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Demand is an economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service.

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