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

MACROECONOMICS

ECONOMICS :
Is the study how human faces the scarity .This scarcity can be family
decisions , 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 to
produce 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 .

ECONOMICS IMPORTANT .
Adam Smith has been published a book The wealth of nations in 1776 .
Smith introduces the division of labor which means that the way the
good or services is produced which is divided into a number of tasks that
are performed by different workers , instead of all work for a persons
Modern business divide restaurant to a particular jobs such serving
meals
When : the task involved with producing a good or services are divided it
can produced a greater large or quantity .
Specializations : in a particular small job allows workers to focus on the
parts of the productions process wghere there have an advantage .
Comparatively advantae : different people has different skills , talents