Question

what is economics? explain
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Answer 1

Explanation:

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.

OR.....

In its most simple and concise definition, economics is the study of how society uses its limited resources. Economics is a social science that deals with the production, distribution, and consumption of goods and services. ... Macroeconomics - the branch of economics that studies the overall working of a national economy.

Answer 2

Answer:

1, the branch of knowledge concerned with the production, consumption, and transfer of wealth.

2, the condition of a region or group as regards material prosperity.