Economics

covers all kind of topics. Essentially, it is devoted to understanding the way business, households, and the government behave.

economics is the study of those activities that involve the production and exchange of goods.

Economics is the analysis of movement in the overall economy-trends in prices, output, and unemployment.

The moment such problems are discovered, we can use economics to design polices via which governments can enhance the performance of the economy.

Economics is the science of choice. It studies how people choose scarce or limited productive resources (such as land, labor, equipment, to produce various commodities such as foods, cars, roads), and to distribute these goods to various members of society to satisfy their needs.

 Economics

is the study of commerce among nations. It explains why nations export some goods and import others. Economics is the study of money, banking, capital and wealth.

 Economics

is the study of how societies use scare resources to produce valuable commodities and distribute them among different groups.

major distinction is made between macroeconomics, which studies the functioning of the economy as a whole (such as national income, gross domestic product (GDP), overall inflation and unemployment rates, money supply and so on.

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microeconomics, which analyzes the behavior of individual component such as industries, firms, and household.