Question

Economics is the study of how societies, individuals, and businesses use scarce resources to produce valuable commodities and distribute them among different people. It is that discipline of study which is concerned with the production, consumption, and transfer of wealth. It encompasses production, distribution, trade and consumption of goods and services

Answer 1

Explanation:

What roles do economists play in society?

Economists conduct research, collect and analyze data, monitor economic trends, and develop forecasts. Their research might focus on topics such as energy costs, inflation, interest rates, farm prices, rents, imports, or employment.

What is the relationship among economics finance and accounting?

Accounting is concerned with scorekeeping, whereas finance is aimed at value maximizing. The primary aim of accounting is to measure the performance of the firm, assess its financial condition and find the base for tax payment.