Define in your own words what Economics is about?

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asked Oct 21, 2021 72.0k views

2 Answers

Jgreen · Answer 1 · 2021-10-22T09:00:27+0000

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.

Rockbala · Answer 2 · 2021-10-27T10:56:27+0000

Answer:

Economics definition, the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.

Define in your own words what Economics is about?

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