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We need the "who" for this question.
Goods and services
a market failure
Economics is about the allocation of resources for the production and distribution of goods and _services_
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In the school context politics is veiwed as power and distribution by using equality of outcomes which resources is distribute by the power of politics
Scarcity is the non-abundance of resources. Resources are needed to produce. Thus, the more that is produced, the more resources are being used.
The Economic System are the means by which countries and governments distribute resources and trade goods and services.
economics
a market failure
Politics. Politics is primarily the tool/mechanism by which a population determines how to distribute limited resources.
The ancient egyptians distributed their resources through various overstuffed totes and bags that were lugged around by camels and slaves. These were taken to markets and merchants and then sold.