What does economics study?

Question

Quizplus · Accepted Answer

Economics is the study of how individuals, businesses, and societies deal with the problem of scarcity, which arises because resources are limited but wants are infinite. Economics examines how people make decisions about how to allocate resources and how markets function to coordinate the activities of buyers and sellers. While money and distribution of goods and services are important aspects of the field, they are not the main focus. The stock market is a specific aspect that falls under the broader study of finance.

What Does Economics Study