Description
Economics is a science that examines the production, distribution, and consumption of goods and services, as well as the creation of wealth. This social science provides many valuable benefits, such as the knowledge needed to understand the impact of developments in business, society, and world economy. This study teaches every student about their choices and opportunities, and of scarcity and the impact of decision making on families and society. This field of social science seeks to explain the economic basis for human societies and aims to identify basic problems encountered by an economy. It is focused on the basic concepts that modern economists employ in their attempt to analyze economic problems.
