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четверг, 3 июля 2008 г.

The notion of economic theory and challenges

Economic theory created and developed by economists of various schools and directions, so its definition is different. The most common can be so: economic theory - it is science on the basics of economic life of society. In turn, economic life - is the work of people associated with the material conditions of their lives.

Economic life (economic activity, economic activity) is based on that, to get the desired benefits society uses economic resources, which in most cases are limited and therefore they should be used as effectively as possible. As he wrote a Nobel laureate in economics Paul Samuelson, in the economy, there are three key tasks:

1. What are the benefits to produce and in what quantities?

2. How to make good, that is what resources and using what technology will produce them?

3. For whom to produce good?

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