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CIFA LEVEL 1 PAPER NO.4: ECONOMICS NOTES
| Institution | Kenya Accountants and Secretaries National Examinations Board |
| Course | CIFA |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Rose Oloo |
| File Type | |
| Pages | 79 Pages |
| File Size | 3.46 MB |
| Views | 601 |
| Downloads | 0 |
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Description
Economics is the study of how societies use scarce resources to produce valuable
goods and services and distribute them among different individuals. The central problem economics addresses is scarcity—resources are limited while human wants are unlimited. This imbalance forces individuals and societies to make decisions about what to produce, how to produce it, and for whom to produce it.
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