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What is Economics


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Question: What Is Economics?

Answer: There's no one universally accepted answer to the question "What is economics?" Browsing the web, we will find various answers to the question:
 What is Economics? - How Others Define Economics
The Economist's Dictionary of Economics defines economics as "The study of the production, distribution and consumption of wealth in human society."
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Detailed Definition: Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within markets to get what they want or accomplish certain goals. Since economics is a driving force of human interaction, studying it often reveals why people and governments behave in particular ways.
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