Macroeconomics.pptx - MACROECONOMICS ECONOMICS : Is the...

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MACROECONOMICS
ECONOMICS :Is the study how human faces the scarity .This scarcity can be familydecisions , business decisions , and individual decisions .Scarcity means human wants good and services exceed what is available .Resources such as labor , tools , land , and raw metarial are necessity toproduce service and goods but they exists are limited of supply .Think about all the things you can consume food , shelter , clothing ,transportations , healthcare , and entertainment . How do you aquire them? So this is scarcity problem .
ECONOMICSIMPORTANT .Adam Smith has been published a book The wealth of nations in 1776 .Smith introduces the division of laborwhich means that the way thegood or services is produced which is divided into a number of tasks thatare performed by different workers , instead of all work for a personsModern business divide restaurant to a particular jobs such servingmealsWhen : the task involved with producing a good or services are divided itcan produced a greater large or quantity .Specializations : in a particular small job allows workers to focus on theparts of the productions process wghere there havean advantage .Comparatively advantae :different people has different skills , talents

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