Economics is the study of how people use scarce resources to satisfy their unlimited wants and needs. It is a social science that deals with the production, distribution, and consumption of goods and services.
Economics is divided into two main branches: microeconomics and macroeconomics. Microeconomics focuses on the behavior of individual consumers and businesses, while macroeconomics looks at the economy as a whole.
Economics is a important subject because it helps us understand how the world works. It can also help us make better decisions about our own lives.