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1. www.econlib.org › library › TopicsWhat Is Economics? - Econlib

   www.econlib.org › library › Topics

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   / What Is Economics? ECONLIB Guides. What Is Economics? Introduction. Economics is about making choices. We make all kinds of choices every day. How much should I spend on gas? What’s the best route to work? Where should we go for dinner? Which job or career should I go for?

2. economics.northwestern.edu › undergraduate › why-economicsWhat is Economics? - Northwestern University

   economics.northwestern.edu › undergraduate › why-economics

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   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, families, and nations, we confront difficult choices about how to use limited resources to meet our needs and wants.

3. www.thoughtco.com › trying-to-define-economics-1146357What Is Economics? - ThoughtCo

   www.thoughtco.com › trying-to-define-economics-1146357

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   Jul 2, 2019 · Economics is the study of the production, distribution, and consumption of wealth in human society, but this perspective is only one among many different definitions. Economics is also the study of people (as consumers) making choices about which products and goods to buy.