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Misconceptions About Economics As A Subject - Education - Nairaland

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Misconceptions About Economics As A Subject by missypurple1(f): 8:47am On Mar 18, 2020
1. Those who study Economics are stingy
2. Economics is hard
3. Economics is for only people who want to go into business

grin drop your own
Re: Misconceptions About Economics As A Subject by cRobo: 8:48am On Mar 18, 2020
They economize

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Re: Misconceptions About Economics As A Subject by missypurple1(f): 1:35pm On Mar 19, 2020
cRobo:
They economize

A non-economist see "economizing"as being a bad trait
In Economics, to economize is to minimize cost and maximize utility
meaning, you going for things that gives you the highest level of satisfaction and trying your possible best to reduce wastage.
N.B: it also doesn't mean you go for cheap products

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