Abraham Lincon

Abraham Lincon, the 16^th president of the United State of America since 1801-1865. Here is the letter written by Abraham Lincon to the head master of a school in which his son was studying, a letter so typical of the man who bore malice towards none and charity for all...

Still I find you ... but...

The only thing can't miss in the world

ඔබේ දයාබර එකම වදනකින් මගේ ආත්මය සුවපත් වේ...

මට සිඹින්න තහනම් ඇයි ඔය සුදු කම්මුල්...

What are the branches of Economics

Micro and Macro Economics

• Economics divided into two parts.
• One is Microeconomics and other one is Macroeconomics.
• Microeconomics is primarily focused on the actions of individual agents, such as firms and consumers, and how their behavior determines prices and quantities in specific markets
• Macroeconomics involve the "sum total of economic activity, dealing with the issues of growth, inflation and unemployment, and with national economic policies relating to these issues" and the effects of government actions on them.

The Word Economy Comes From…

• The Greek word for “one who manages a household.”
• Economics is a social science and it is the study of how society manages its scarce resources.
• Therefore, Economic is the science of choice – the science that explains the choices that we make and how those choices change as we hope with scarcity.
• All economic choices can be summarized in big questions about the goods and services we produce.
• These questions are: What? How? When? Where? Who?
• What goods and services are produced and in what quantities?
• How are goods and services produced?
• When are goods and services produced?
• Where are goods and services produced?
• Who consume the goods and services that are produced?
• These five big economic questions give you a sense of what economics about. They tell you about the scope of  economics. But they don’t tell you what economics is.