economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth. In the 19th century economics was the hobby of gentlemen of leisure …

Economics (/ ˌɛkəˈnɒmɪks, ˌiːkə -/) [1][2] is a social science that studies the production, distribution, and consumption of goods and services. [3][4] Economics focuses on the …

Aug 25, 2025 · Economics is a branch of social science focused on the production, distribution, and consumption of goods and services.

Economics can help us answer these questions. Below, we’ve provided links to short articles that illustrate what economics is and how it connects to our everyday lives. Economics can be …

Economics plays an integral role in how societies function, determining the allocation of resources, influencing policies, and shaping everyday decisions. It’s a field that touches nearly …

WHAT IS ECONOMICS? Economics is the study of how we make choices in the face of scarcity and how those choices motivate behavior. THE FIELD OF ECONOMICS As individuals, …

16 hours ago · The latest news and expert analysis about the state of the global economy.

Read the latest economic current events, with updates on the state of the global economy including trade, business, and more.

The Definition of Economics Defined broadly, economics can be viewed as the study of how people make choices under conditions of scarcity. The classical definition states that …

What is Economics? Imagine you are a Martian arriving from outer space on planet Earth. After landing you start to observe earthlings engaging in the production and exchange of goods and …