Posted inEconomics XI Economics and Development of Economics Posted by Nirmal Tiwari July 14, 2026No Comments It is a social science that studies the economic problems of society. It studies the relationship between scarce resources and their alternative uses. It deals with how the limited(scarce) resources are to be used to satisfy the unlimited human wants and needs. It is a social science that deals with the production, consumption, distribution and exchange of goods and services……. Nirmal Tiwari View All Posts Post navigation Previous Post Monetary PolicyNext PostWealth Definition of Economics