The important ideas of Economics
It is important to know some significant facts about economics to acquire a wholesome idea of Economics.The definition of resources and products and their classification,opportunity cost and choice,income,savings,investment,economic and non-economic activities,and above all,the activities of the people of Bangladesh have been discussed in this chapter.Before going to the main discussion of economics,these concepts will be helpful to understand economics.
We all are more or less acquainted with the term,'resource'. The word resource is included in our daily conversations in many different ways. For example, Mr. Rahim owns a lot of resources. To an economist, everything is not a resource. In economics, those are considered to be resources which are to be obtained by spending money. Briefly we also call them economic goods. For example, houses, furniture, television, etc are visible material resources and doctor's services, teacher's lessons are invisible or non-material resources. To obtain these mentioned things, money has to be spent. If any particular thing is to be referred to be a resource in economics,it has to have four characteristics.
Bangladesh is one of the underdeveloped countries in the world.The per capita income of a over-populated country like ours is very low.The economic resources of a country are very closely related to the development of the country
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