What is economics?
Answer:
the study of how the economy works and what goes into determining the price levels of products...two levels to it: one is microeconomics which is the study of more specific parts like how markets in a particular state function...& macroeconomics which studies the function of the economy of the nation as a whole.
the subject dips a little into business here and there...
The social science that deals with the production, distribution, and consumption of goods and services and with the theory and management of economies or economic systems.
The study of how limited resources are distributed amongst unlimited wants.
It is the study of how people organize themselves and the resources available to them in order to satisfy their needs.
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