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what is economics

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Economics is the study of production, distrinbution and consumption of goods in a given geographical area ( called economy)
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Economics is the study of goods and services produced, distributed and cosumed either in a given geographical area ( called economy) or in small groups.
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Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society.
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Economics is a social science which deals with the production, distribution (allocation) and expenditure or utilization of goods and services.
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