Define economic? Discuss the nature, objective, advantages , scope and utility of economic( BCA 3- semester)

 Definition of Economic :-

An economic system consist of three comparably process which develop & un-development economic activity. That is production , consumer and investment. It identify group of nation through there are resource for satisfy human needs and wants.

Feature of Economic :-

1). Division of work.

2). Division o f Labor.

3). Large of scale capital production.

4). Increase international trade.

5). Reduce of unemployment. 

Advantage of Economic :-

1). Economic growth & development of every field.

2). To achieve org goal.

3). Capital information 

4). To increase the productivity.

Factor affecting economic :-

1). Natural resource.

2). Human resource.

3). Size of market.

4). Low Production.

5). Unequal income distribution.

Economic growth :-

It may be define a rate of expansion which move undeveloped country through high level tools and technique at minimum time. It means increase of output goods and service over a long time.

Economic Development :- 

It is multi value method which involve education health living standard resource and others value which effect the consumer behavior.

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