Economics is a science of wealth?

Answer 1

In simple words it is a twin theme of Economics or i think it is best definition of Economics as following

Goods are scarce and our Society must use it Efficiently.

scarcity-insufficient of resources like land,labour,and capital.

efficiency-maximum use of resources.

Answer 2

No. Economics is the study of exchanges, their motivations and their impacts. An understanding of economics will help you in almost all facets of life, including how to efficiently run a business.

Answer 3

Economics is the study of Economic Activities. There would not be Economic Activities (such as buying and selling) if there wasn't a scarcity of the resources that are needed to satisfy everyone's wants. Economics studies how scarcity causes people to make different choices.

Answer 4

economics is the resources of opportunity

Answer 5

dhdhghdhxx