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Business Economics Professional

Stonebridge College
Course summary
126 hours
490 GBP excl. VAT
English
Online courses
Next available date: Inquire for start date. - Online courses
Professional Training
Stonebridge College

Course description

Business Economics Professional

What is economics about? Economics is the problem of using the available resources as efficiently as possible so as to achieve the maximum fulfilment of society's unlimited demand for goods and services. The ultimate purpose of economic endeavour is to satisfy human wants for goods and services.

The problem is that whereas wants are virtually without limit, the resources - natural resources, labour and capital (machinery) - available at any one time to produce goods and services are limited in supply. Resources are scarce. This fact of scarcity means that we must always be making choices about what to produce, how to produce it and for whom.

Decisions must be made so that these scarce resources are allocated optimally or efficiently to their end use. This implies they could not be used more beneficially elsewhere. This is the criterion economists use to judge many economic phenomenon and is the focus of our study of the economic approaches to organisations.

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Stonebridge College

Stonebridge College

Stonebridge Associated Colleges is a team of bright and motivated people dedicated to helping learners fulfill their potential and meet their career goals. Set up in 1995, Stonebridge Associated Colleges was initially intended to help people qualify in complementary therapies,...


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Stonebridge College

Stonebridge House
Ocean View Road
EX23 8ST Cornwall

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