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Economics
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Economics

The study of how people use their limited resources in an attempt to satisfy unlimited wants.

Notes:

Economics is often referred to as the Dismal Science.

See also: Dismal Science, Economic Profit, Economies of Scale, Equilibrium, Keynesian Economics, Laffer Curve, Laissez Faire, Macroeconomics, Microeconomics, Scarcity, Supply Side Theory, Trickle Down Theory

Economics

The study of the economy. See also: Macroeconomics; microeconomics; Keynesian economics, monetarism, and supply-side economics.

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