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  2. Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively. The field of economics is connected with and has ramifications on many others, such as politics, government, law, and business. The two branches of economics are microeconomics and macroeconomics.
    www.investopedia.com/terms/e/economics.asp
    Economics is the study of how humans make decisions in the face of scarcity. These can be individual decisions, family decisions, business decisions or societal decisions.
    openstax.org/books/principles-economics-3e/page…
    Economics is the study of how individuals and societies choose to employ those resources: what goods and services will be produced, how they will be produced, and how they will be distributed among the members of society. Economics is customarily divided into microeconomics and macroeconomics.
    www.britannica.com/summary/economics
    Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society.
    arts-sciences.buffalo.edu/economics/about/what-is …
    Economics is the study of how things are made, moved around, and used. It looks at how people, businesses, governments, and countries choose to use their resources. Economics is the study of how people act, based on the idea that people act rationally and try to get the most value or benefit.
    economictimes.indiatimes.com/definition/economics
     
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    Economics - Wikipedia

    Economics is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyses what is viewed as basic elements within economies, including … See more

    The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". The … See more

    Other branches of economics image

    Theoretical research
    Mainstream economic theory relies upon analytical economic models. When creating theories, the objective is to find assumptions which are at least as simple in information requirements, more precise in predictions, and … See more

    Macroeconomics, another branch of economics, examines the economy as a whole to explain broad aggregates and their interactions "top down", that is, using a simplified form of general-equilibrium theory. Such aggregates include national income and output See more

    Economics is one social science among several and has fields bordering on other areas, including economic geography, economic history, public choice, energy economics See more

    Macroeconomics image
    History of economic thought image
    Microeconomics image

    From antiquity through the physiocrats
    Questions regarding distribution of resources are found throughout the writings of the See more

    Microeconomics examines how entities, forming a market structure, interact within a market to create a market system. These entities include private and public players with various classifications, typically operating under scarcity of tradable units and See more

    Public economics
    Public economics is the field of economics that deals with economic activities of a public sector, … See more

     
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  4. Economics | Definition, History, Examples, Types, & Facts

  5. The Economist | Independent journalism

  6. Economics Defined with Types, Indicators, and …

    WEBJun 28, 2024 — Economics is a social science that studies how people allocate scarce resources for production, distribution, and consumption. Learn about the two branches of economics, microeconomics and...

  7. 1.1 What Is Economics, and Why Is It Important? - OpenStax

  8. What is economics? - American Economic Association

  9. 1.1 Defining Economics – Principles of Economics

    WEBEconomics is a social science that examines how people choose among the alternatives available to them. It involves the concepts of scarcity, choice, and opportunity cost, and the three fundamental economic questions: …

  10. Economics for Beginners: Understanding the Basics

    WEBMay 5, 2019 — Learn the essential concepts and terms of economics, such as supply and demand, elasticity, inflation, and GDP. Explore the subfields and applications of economics, from microeconomics to …

  11. The A to Z of economics | The Economist

    WEBA comprehensive glossary of economic terms, from absolute advantage to zero-sum game, explained in plain English. Learn the basics of economics, from trade and investment to inflation and...

  12. Importance of economics and its branches | Britannica

    WEBEconomics is a social science that studies how individuals and societies use scarce resources. Learn about its two main branches, microeconomics and macroeconomics, and some of its specialized areas of investigation, …

  13. Principles of Economics - Open Textbook Library

  14. Home | MIT Economics

  15. What is Economics? - Northwestern University

  16. Economics - Investopedia

  17. Khan Academy

  18. Ch. 1 Introduction - Principles of Economics 2e | OpenStax

  19. Principles of Economics - 3e - Open Textbook Library

  20. | 1. The Definition Of Economics | Simply Economics

  21. Principles of Economics 3e - OpenStax

  22. Economy: What It Is, Types of Economies, Economic Indicators

  23. Economics Definition & Meaning - Merriam-Webster

  24. Principles of Economics - Stanford Online

  25. TRADING ECONOMICS | 20 million INDICATORS FROM 196 …