Question

What is Economic?

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Answer 1

Economics is the study of how humans make decisions in the face of scarcity. ... Scarcity means that human wants for goods, services and resources exceed what is available. Resources, such as labor, tools, land, and raw materials are necessary to produce the goods and services we want but they exist in limited supply.

Answer 2

Answer:

Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. Economics focuses on the behavior and interactions of economic agents and how economies work.  But not about only money as most of the people think!

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