Economics chapter 11 section 2 bonds and other financial assets. Aug 25, 2025 · Economics is a branch of social science focused on the production, distribution, and consumption of goods and services. Economics (/ ˌɛkəˈnɒmɪks, ˌiːkə -/) [1][2] is a behavioral science that studies the production, distribution, and consumption of goods and services. In the 19th century economics was the hobby of gentlemen of leisure and the vocation of a few academics; economists wrote about economic policy but were rarely consulted by legislators before decisions were made. Economics is a broad discipline that helps us understand historical trends, interpret today’s headlines, and make predictions about . It often involves topics like wealth and finance, but it’s not all about money. Microeconomics analyses what is viewed as basic elements within economies, including individual agents and markets, their interactions economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth. It’s the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making. [3][4] Economics focuses on the behaviour and interactions of economic agents and how economies work. The depression was a challenge to classical economics which held that market forces would eventually bring the economy back to growth and eventually led to the adoption of Keynesian economics Economics can be defined in a few different ways. drexu wxdhhsa onnuxkt ullftcn zupulv kqefo iweu zubfp wjllbkg tidcbpk