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  • https://doi.org/10.36948/ijfmr.2024.v06i04.24988Copy DOI Icon

ECONOMICS : An Introduction to the Discipline

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Abstract

Economics, as a discipline, provides a comprehensive understanding of how individuals, businesses, and governments allocate scarce resources to fulfil their needs and desires. This Paper attempts to introduce Economics as a discipline. It delves into macroeconomic concepts such as inflation, unemployment, and economic growth, alongside microeconomic issues including consumer behaviour, production costs, and market competition. This introduction underscores the relevance and importance of economics in both everyday life and global contexts.

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