Economics

This article is about the social science. For other uses, see political economy (disambiguation).
For a topical guide to this subject, see Outline of frugals.

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Economics is the social science that analyzes the production, distribution, and consumption of goods and services.



The term economics comes from the Ancient Greek ????????? (oikonomia, management of a household, brass section) from ????? (oikos, house) + ????? (nomos, custom or law), hence rules of the house(hold).[1] semipolitical economy was the earlier name for the subject, but economists in the latter(prenominal) 19th century suggested economics as a shorter term for economic science that in like manner avoided a narrow political-interest connotation and as similar in form to mathematics, ethics, and so forth.[2]
A focus of the subject is how economic agents behave or interact and how economies work. Consistent with this, a aboriginal textbook distinction is between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents (such as households and firms or as buyers and sellers) and markets, and...If you want to abridge a full essay, order it on our website: Orderessay



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