Meaning of Economics

Knowledge has many branches and economics is an important and useful branch of knowledge.In recent,the science of economics has assumed greater significance in view of the fact that knowledge  of economics is being used for initiating and accelerating growth in developing economics of the world and thus for eradicating want, poverty and employment from the human race.Besides the nature of so many other problems such as inflation,food ,stagnation and recession,population explosion,adverse balance of payments and so on that confront the economics of today can not be understand and solution for them con not be provided without the adequate knowledge of the science of economic

                                                                                  But the before we start the study of the principles of economics, it will be but proper to explain to the students what economics is about or, in other words,what is nature of economics.perhaps there is no other science or  a body of knowledge in regard to which there has been such a great controversy about its proper definition as about economics has been variously defined by different economists from time to time,This is partly because "Economics is an unsatisfied".with the passage of time there have been significant developments in economic theory and new subjects have been included in it.it is still in the process of growth and development.