It is the study of how people choose to use resources.
Resources include the time and talent people have available, buildings, equipment, and other tools on hand, and the knowledge of how to make useful things and then turn them into useful services and products. Important choices involve how much time they give their work, school collage and entertainment. How much money to spend and save how to collaborate resources to produce services and goods. What mostly people to is to appear using their resources to improve their health and well being. The satisfaction people gain from goods and services they choose to consume, from how much time they spent in entertainment, leisure, family and community, the security, services provided by the effective governments. However, sometimes people appear to use resources in ways that won't make their well being better. Economics includes the study of labor, land, investments, money, income, production, and government expenditures. Economists seek to measure well-being, learn how well being may increase overtime, evaluate the well being of the rich and poor also. The behavior of individuals is important, economics also addresses the collective behavior of industries and businesses, countries and governments, also the world as a whole. Microeconomics starts by thinks about how individuals make decisions. Microeconomics considers two aggregate outcomes. The points of view are important and sensitive in understanding most economic phenomena.
Like everything in the world there are fields to minimize economics and we will start talking about them. What are the fields of economics? Economists organize there fields from agricultural economics to urban economics. Most economists specialize in a fie ...