Economics is a social science, that is concerned with meeting 'unlimited demands with only scarce resources'. Economics relies on the assumption that everyone wants more and more money, goods and services = we are all a bunch of greedy mo' fo's. Hence the concept is accurate, and will continue to be taught in colleges everwhere for years to come. Noteable masters include the venerable Daddy G, of Peterborough fame.
A: how much are these bananas?
B: £2
A: Fine, I buy them off that illegal immigrant for £1.50
Hence the laws of Supply and Demand are and the concept of economics is satisfied.
B: £2
A: Fine, I buy them off that illegal immigrant for £1.50
Hence the laws of Supply and Demand are and the concept of economics is satisfied.
by Whittlesey Warrior May 27, 2006
by dagagapancake69 May 24, 2023
by insub2 January 20, 2013
Shitty major. The most useful is Econ 101 which you will probably attend sometime at college. Any further study of this 'science' is a total waste of time.
No studying Economics will not help you become an investment banker.
What if I want to do a PhD. Well you will realize that you don't know enough Math to do a PhD in Economics. Go study something more interesting.
What if I want to do a PhD. Well you will realize that you don't know enough Math to do a PhD in Economics. Go study something more interesting.
by Pepe April 08, 2004
by Thomas Sowell July 07, 2005
by Adam Smith April 25, 2005
by abbie martin May 05, 2009