BPSC TRE (Class 6 to 8) Practice Workbook Economics (Social Science)

Drishti Ias: Your Gateway To Success In Competitive Exams.Definition Of Economicsstudy Of Resource Allocation To Meet Human Needs And Wants.Microeconomics: Focuses On Individual And Business Decisions.Macroeconomics: Focuses On National And Global Economic Policies And Trends.Scarcity And Choicescarcity: Limited Resources Versus Unlimited Wants.Choice: Decision-Making Process In Allocating Resources.Basic Economic Problemswhat To Produce?: Deciding Which Goods And Services To Produce.How To Produce?: Choosing Production Methods And Technology.For Whom To Produce?: Determining The Distribution Of Goods And Services.