I love driving, even though it is not my car, I still love to drive my mom’s car! Ha-ha! But right now I can’t drive as far as I want because on my last check up I noticed some strange signs that will lead to it breaking down. I have leaks on my oil and steering fluid tanks and at the same time the auxillary is not working properly so I am still restricted to drive too far. It maybe because some accident happened to my brother while he is parking the car, but maybe of its old age and I am 100% sure that it needs maintenance but I cannot afford to have one. I wish I could apply for a car insurance online.

Do you have a card from an establishment that will give you bonus and discounts? I am talking about membership cards and I know most of my readers have different kinds of cards on their wallets. I too have plenty of those and the thing I love about it is either I get the privilege to shop there fro myself or purchase items that will give me point or incentives so that my next purchase will have some discount or freebie. Establishments are fund of doing this, it a good strategy to make customer’s be loyal to a store and will make them comeback from time to time. I love membership cards.

Basic Definition of economics:

• It is a science that manages of scarce resources in demand.

Other definitions of economics:

• It is a scientific study, which deals with how individuals and society generally make choices. Individuals and groups in society have innumerable wants. To satisfy those wants, there are resources that can be used. These resources are not freely available. They are therefore scarce and they have alternative uses. Such uses may also apply between now (today) and tomorrow (the future). Therefore, a dimension of choice includes present and future use of available resources. Moreover, the uses of these resources carry with them costs and corresponding benefits. COncern with costs and benefits require efficiency in resource use.

•Economics also means science of economy or wealth and is concerned with human behavior and human activities especially business activities.

• Economics is the science that deals with the study of allocationg scarce resources to satisfy inlimited human wants.

• The study of how individuals and societies choose to use the scarce resources that nature and previous generations have preovided.

• Economics is behavioral, or social, science.

•It is the study of how people make choices; the choices that people make, when added up translate into societal choices.

• Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people.

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