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  2. Economics - Wikipedia

    en.wikipedia.org/wiki/Economics

    Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on the behaviour and interactions of economic agents and how economies work.

  3. Economics is the social science which studies economic activity: how people make choices to get what they want. It has been defined as "the study of scarcity and choice" and is basically about the choices people make. It also studies what affects the production, distribution and consumption of goods and services in an economy. [1]

  4. Outline of economics - Wikipedia

    en.wikipedia.org/wiki/Outline_of_economics

    The following outline is provided as an overview of and topical guide to economics: Economics – analyzes the production, distribution, and consumption of goods and services. It aims to explain how economies work and how economic agents interact.

  5. Definitions of economics - Wikipedia

    en.wikipedia.org/wiki/Definitions_of_economics

    Political Economy or Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of well-being.

  6. Economics Defined with Types, Indicators, and Systems - ...

    www.investopedia.com/terms/e/economics.asp

    Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively.

  7. The A to Z of economics | The Economist

    www.economist.com/economics-a-to-z

    A concept, developed by Frank Knight, an American economist and a founder of the Chicago School of economicsto describe the problem faced by economic actors who are unable to quantify risk...

  8. Introduction to Economics - Wikibooks, open books for an open...

    en.wikibooks.org/wiki/Introduction_to_Economics

    Economics is the social science of studying the production, distribution and consumption of goods and services and It is a complex social science that spans from mathematics to psychology. At its most basic, however, economics considers how a society provides for its needs.

  9. 10 Principles of Economics - Wikiversity

    en.wikiversity.org/wiki/10_Principles_of_Economics

    Gregory Mankiw in his Principles of Economics outlines Ten Principles of Economics that we will replicate here, they are: People face trade-offs. The cost of something is what you give up getting it. Rational people think at the marginal cost and marginal revenue. People respond to incentives.

  10. What is Economics? - Northwestern University

    economics.northwestern.edu/undergraduate/why-economics/what-is-economics.html

    WHAT IS ECONOMICS? Economics is the study of how we make choices in the face of scarcity and how those choices motivate behavior. THE FIELD OF ECONOMICS. As individuals, families, and nations, we confront difficult choices about how to use limited resources to meet our needs and wants.

  11. What is economics? - American Economic Association

    www.aeaweb.org/resources/students/what-is-economics

    Below, we’ve provided links to short articles that illustrate what economics is and how it connects to our everyday lives. Economics can be defined in a few different ways. It’s the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making.