They are talking about how nations acquire wealth.
Scholars discuss supply and demand as well as production and distribution when they discuss economics. It is a branch of social science concerned with topics such as inflation and deflation.
When scholars discuss economics they talk about how to understand demand and supply. They also assess how businesses affect the economy.
When scholars discuss economics, they are typically examining the production, distribution, and consumption of goods and services, as well as the behavior and interactions of individuals, businesses, and governments within these processes. They analyze various economic systems, theories, and models to understand how resources are allocated and how economic policies impact society. Topics such as market structures, inflation, unemployment, and economic growth are often central to these discussions. Additionally, scholars explore the implications of economic decisions on social welfare and income inequality.
The Muslim scholars formulated trade and economic rules and provided guidance in the field of trade and economics.
i want to know the difference between economics and natural sciences
Some advanced economics textbooks discuss development economics. One's local library should have a wide variety of economics books to check out and reasearch development economics.
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When scholars discuss the economy, they typically refer to the system that encompasses the production, distribution, and consumption of goods and services within a society. This includes examining factors such as labor markets, monetary policies, fiscal policies, and trade dynamics. Scholars may also explore the impact of economic theories, technological changes, and globalization on economic growth and inequality. Additionally, interdisciplinary approaches integrate sociology, political science, and environmental studies to understand the broader implications of economic activity.
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Economics is called as a social sciences because:It studies human behavior i.e. "human"It has certain laws that does work in most cases "science"
Because that's what the study of economics is.