Learning Goal: I’m working on a economics and need to help me learn.
Economics is the social science that studies the production, distribution, and consumption of goods and services. It involves analyzing how individuals, businesses, governments, and other organizations make decisions about how to allocate scarce resources in order to meet their needs and wants. Economics is concerned with understanding how markets work, how prices are set, how income is distributed, and how economic policies and institutions affect economic outcomes. It encompasses a wide range of topics, including microeconomics (the study of individual decision-making and market behavior) and macroeconomics (the study of the overall performance of the economy).