Economics

__Economics__

Economics is the study of how people choose to use limited resources (land, labour and capital) to get the goods and services they need and want. An understanding of economics helps us to make the best personal decisions about how we spend our time and money to maximise the utility we receive.

__Economics definitions__


 * Economics
 * Scarcity
 * Factors of Production
 * Land
 * Labour
 * Capital
 * Entrepreneurship
 * Capital Goods
 * Consumer Goods
 * Goods
 * Services
 * Needs
 * Wants
 * Resources

There is also a good list of economic definitions [|here].