why is economics so involved with war,politics, environment and sociology?

Answer 1

Economics, war,politics, and environmental policy present different views on the allocation of resources, or who gets what. Economics, politics and sociology are about human interactions, markets, personal and institutional relationships.

Answer 2

economics is the study of how best to allocate scarce resourses amoung competing uses...

so basically, you wanna look at 3 main things...

WHAT to produce with your limited resources
HOW to produce the goods and services you select
FOR WHOM goods the and services should go to

Pretty much, how people act as a whole in the world, whether its how they act with each other person to person or how much debt they get themsleves into or if our government decides to go into a war...it all effects where our money as America goes and what happens when money and other goods produced by us..as well as other countires we depend on for their goods

Answer 3

The economics of marketing option fuels which require automobile alternative as against man made fuels which is often from option sources including biomass yet may well be utilized in latest vehicles and infrastructure. fairly BTL thermochemical strategies including gasification/pyrolysis to Fischer Tropsch synthesis can produce truthfully gas and diesel from something that burns which incorporates old tires and dried sewage while option fuels including ethanol can purely be created from foodstuff inventory and demands automobile modification or alternative. Likewise, hydrogen gasoline cellular will require automobile modification and distribution infrastructure shape as does electric powered vehicles. that's to not say that BTL gasification/pyrolysis to feet beverages does not have expenditures. the two gasification and feet reactors require great quantity of capital and biomass provides a team and transportation situation except the gasification/feet reactors ought to be delivered to the source of biomass. yet another theory would be to evaluate the economics of applying photograph voltaic thermal as against photograph-voltaic photograph voltaic. photograph voltaic thermal provides you for warm water, residential heating and domicile air-conditioning (with the aid of way of absorption chillers) which represents maximum folk of enjoyed ones capability use. photograph voltaic thermal is likewise lots low-priced and has a shorter payback era yet surplus capability amassed won't be able to be offered. that's achieveable a hybrid the place maximum of an area of abode's needs are met with thermal with the rest being met with photograph-voltaic ought to be the competitively priced. a 0.33 theory is to evaluate the economics of photograph-voltaic as against photosynthesis. Photosynthesis may well be exploited with the aid of way of biomass vegetation or from captive vegetation like algae, there are the expenditures of seeding, fertilization, irrigation, harvesting, and transportation to evaluate with the 1st, infrastructure shape with the latter yet photosynthesis purely converts some million% to six.6% of the photograph voltaic capability to chemical fuels. photograph-voltaic's are costly nonetheless cost tendencies have been downwards with the creation of reclaiming defective silicon from different production strategies yet even a modest 10% performance may well be extra effectual use of area then biomass vegetation (the suitable and costliest photograph-voltaics could have efficiencies of forty%). The 5% to fifteen% performance figures often quoted are by way of literature from the 70's.

Answer 4

Ooh that's a tough one. I know economics is about money... oh I don't know it's a mystery! I just can't figure it out!

Answer 5

They all share a relationship with money.