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General goals in economy

Well as we said in one of previous articles, economy is a science. What does it teach us? What is the main thing that economy is trying to do.

1. To achive a given goal with minimum resources.

2. To achive a maximum effect, with given resources.

So by saying someone is acting ecenomical, we mean that he is either trying to use his resources on the best way possible, or that he is trying to use as little as possible resources to achive a goal he wants to achive.

As general as this definition is, it basecally summerize up the “point” of acting economically.


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4 Comments

  1. Nicelly said :) This is one of the first things we’ve been tought in first class of economy. It is a simple and very true definition!

  2. Soo true. Everyone is doing this, not just the managers…

    And this is a the nice prove, of how much we are all “engaged” in economy everyday. This is why i went on economy school. I actually had no idea what i wana do in my life, so i decided economy, thinking: “I will always need economy knowladge, no matter what i’ll do in my life later on”.

    And this is so true. I’ve learned so much for the time of my study and i am not sory a bit, that i went studying economy.

  3. I’m trying to think of some other words to use in a presentation rather than “economy”. I feel like everyone has become so neutralized to the word because we hear it all day, every day. Any suggestions?

  4. huh, about what is your presentation?

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