Define the concept of economics in the aspects of social institution and social science.

Posted: March 9th, 2023

Instructions: Study the Lecture Content and Readings and Multimedia for this module.

 

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Answer the following questions.

Define the concept of economics in the aspects of social institution and social science.

Answer the question: What are the factors that create the economic problem?

Describe the market forces.

Use this Essay Format

You must present your writing double-spaced, in a Times New Roman, Arial or Courier New font, with a font size of 12.

Pay attention to grammar rules (spelling and syntax).

Your work must be original and must not contain material copied from books or the internet.

When citing the work of other authors, include citations and references using APA style to respect their intellectual property and avoid plagiarism.

Remember that your writing must have a header or a cover page that includes the name of the institution, the program, the course code, the title of the activity, your name and student number, and the assignment’s due date.

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Submission Instructions:

 

Submit your assignment by 11:59 p.m. ET on Sunday.

Contribute a minimum of 2 pages. It should include at least 2 academic sources, formatted and cited in APA.

 

SOLUTION

Introduction:
Economics is a social science that deals with the production, consumption, and distribution of goods and services in a society. It is also a social institution that establishes the economic system of a country. This essay will discuss the definition of economics in the aspects of social institution and social science, the factors that create the economic problem, and the market forces.

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