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Personal definition of economics

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Reference no: EM133128549

1.) What is your personal definition of Economics?

2.) How will you personally apply the science of economics to practicing real estate?

3.) Economics is about efficiency and yet is an inexact science, so how can it be beneficial to making efficient decisions in resource allocation?

4.) Is there one of the factors of production that you believe is more important than the others? Why?

5.) The real estate market is one of the most responsive to the pricing mechanism, why is that efficient?

6.) Does demand really go away at any point?

Reference no: EM133128549

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