Topic 1 Intro to Economics-1

Topic 1 Intro to Economics-1 - ECON 1550 Topic#1...

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Cai Yun Chao (Omar) [email protected] International Islamic University Malaysia ECON 1550 Topic #1 Introduction to Economics: Scope, Concepts and Principles
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O2 Define Economics One of the definition of Economics: A social science that studies how individuals, governments, firms and nations make choices on allocating scarce resources to satisfy their unlimited wants.
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