Careers in Economics - Research Article from Encyclopedia of Business and Finance

This encyclopedia article consists of approximately 9 pages of information about Careers in Economics.

Careers in Economics - Research Article from Encyclopedia of Business and Finance

This encyclopedia article consists of approximately 9 pages of information about Careers in Economics.
This section contains 2,543 words
(approx. 9 pages at 300 words per page)
Buy the Careers in Economics Encyclopedia Article

Economists study how society uses, regulates, and distributes its natural and human-made resources such as land, labor, raw materials, and machinery to produce goods and services (Horizons, 2000). In simpler terms, they study how effectively society meets its human and material needs. Economists also study how economic systems address three basic questions: What shall we produce?; How shall we produce it?; For whom shall we produce it? They then compile, process, and interpret the answers to these questions ("Economists," 1997). Economists may analyze the relationship between supply and demand and develop theories and models to help predict these future relationships. They help provide a logical, ordered way of looking at various problems. They attempt to explain social concerns such as unemployment, inflation, economic growth, business cycles, tax policy, or farm prices. Most economists apply their skills to solve problems in specific areas, such as transportation, labor...

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This section contains 2,543 words
(approx. 9 pages at 300 words per page)
Buy the Careers in Economics Encyclopedia Article
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Macmillan
Careers in Economics from Macmillan. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.