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Shvoong Home>Social Sciences>Economics>Economic Science Summary

Economic Science

Book Summary   by:syaiza     Original Author: Sadono Sukirno
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This abstract was translated from Ilmu Ekonomi
 
The term economics comes from two Greek words, namely ''oiku'' and ''nomos'' meaning the rules in the household. Basically, he explains about the principles on the use of household income so as to create a maximum of satisfaction to the household.
The meaning of the term ''economic'' above does not give an exact picture of the things that were analyzed by economics. However there of are conceivable issue that is analyzed in economics. Economic analysis can be divided into three groups, namely: descriptive economics, economic theory and science economics ''applied''.
1. Descriptive economics. The field of economic is an analysis which describes the state of the economy which actually form in the economy.
2. Economic science ''applied''. The field of economics is commonly known in economics as well as wisdom. He is the branch of economics that examines the policies that need to the implemented to solve economic problems.
Published: January 16, 2011   
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