Economics History and Terminology Quiz

Mister James Stuart

The dismal science

Economics

<p>Political 'economy'</p> Signup and view all the answers

<p>The ancient Greek term for household management to the national realm as public administration of the affairs of state</p> Signup and view all the answers

<p>Application of economic theories in decision-making</p> Signup and view all the answers

<p>By applying economic theory to business practice</p> Signup and view all the answers

<p>Optimizing profits and resource allocation</p> Signup and view all the answers

<p>It involves levels of risk and uncertainty</p> Signup and view all the answers

<p>As the application of economic theory and methodology in business management practice</p> Signup and view all the answers