WHAT IS ECONOMICS? AN EXPLORATION OF THE FUNDAMENTAL CONCEPTS AND PRINCIPLES

Authors

  • Qo'zimurodova Sabohat Mamatmuso qizi Denov Entrepreneurship and Pedagogical Institute, 4th year student of Accounting and Auditing Denov District "Improvement Department" assistant accountant
  • Axrorqulov Akram Sherali o'g'li Denov Entrepreneurship and Pedagogical Institute, 3rd year student of Banking and Auditing
  • Norpo'latov Jonibek O'rol o'g'li Denov Entrepreneurship and Pedagogical Institute, 3rd year student of Banking and Auditing
  • Hojiakbarova Maftuna Rustambek qizi Denov Entrepreneurship and Pedagogical Institute, 3rd year student of Business Management

Keywords:

Economics, economic principles, resource allocation, human behavior, economic theories

Abstract

This scientific article provides a comprehensive analysis of the discipline of economics, aiming to answer the fundamental question: What is economics? We delve into the core concepts, theories, and principles that underpin the field of economics, its significance in understanding human behavior and resource allocation, and the impact of economic decisions on societies and individuals. By examining the history and evolution of economic thought, we offer a multi-dimensional perspective on economics as both a social science and a policy tool.

References

Samuelson, P. A., & Nordhaus, W. D. (2010). Economics. McGraw-Hill Education.

Smith, A. (1776). An Inquiry into the Nature and Causes of the Wealth of Nations. W. Strahan and T. Cadell.

Marx, K. (1867). Das Kapital. Verlag von Otto Meisner.

Keynes, J. M. (1936). The General Theory of Employment, Interest, and Money. Harcourt, Brace, and Company.

Friedman, M. (1968). The Role of Monetary Policy. The American Economic Review, 58(1), 1-17.

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Published

2023-10-13

Issue

Vol. 1 No. 10 (2023): "Conference on Universal Science Research 2023"

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

WHAT IS ECONOMICS? AN EXPLORATION OF THE FUNDAMENTAL CONCEPTS AND PRINCIPLES. (2023). "Conference on Universal Science Research 2023", 1(10), 82-84. https://universalpublishings.com/index.php/cusr/article/view/2289