ECONOMICS AND SOCIAL SCIENCEs Flashcards
economics
examination of human behavior and practices to efficiently use the scarce resources to supply the unlimited needs of man and achieve mans satisfaction
scarcity
permanent condition/natural phenomenon
microeconomics
studying the small unit of the economy
macroeconomics
study of the behavior of the entire economy
opportunity cost
micro
Demand
Micro
Supply
Micro
Market
Micro
Business organization
Micro
Economic sectors
Macro
Employment
Macro
Inflation
Macro
National income
Macro
Natural Sciences
Ethics, biology, chemistry, physics, statistics
Abstract science
Mathematics, psychology, history, political science
Social science
Sociology, geography
Sociology
science that studies the composition of society
political science
study of government structure, functions, responsibilities, and laws
physics
The study of matter and energy
mathematics
Science of numbers
biology
study of living things
history
science that records the struggle of man
chemistry
Study the composition of chemicals
Ethics
Science that deals with the morality of man