Question

what do you mean by economics?​

Answer 1

Answer:

Economics is a social science concerned with the production, distribution, and consumption of goods and services. ... Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the economy as a whole, and microeconomics, which focuses on individual people and businesses.

Explanation:

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Answer 2

economics is a field of study

Economics is about making choices. We make all kinds of choices every day.

• How much should I spend on gas?
• What’s the best route to work?
• Where should we go for dinner?
• Which job or career should I go for?

Many people hear the word “economics” and think it is all about money. Economics is not just about money. It is about weighing different choices or alternatives. Some of those important choices involve money, but most do not. Most of your daily, monthly, or life choices have nothing to do with money, yet they are still the subject of economics.