If you want to sum up what economics means, you could do so with the following statement:
Individuals and societies are forced to make choices because most resources are scarce.
Economics is the study of how individuals and societies choose to allocate scarce resources, why they choose to allocate them that way, and the consequences of those decisions.
Scarcity is...
English
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Arabic
Romaian
Portuguese (Brazil)
Greek
