Answer:
Economics is described as a social science focused on studying the ordinary business life of people involving their relationship with utility, particularly in production, consumption, and distribution of products and services. It is used in different fields to portray scarcity and utilization of available resources. Therefore, economics exists in any situation that involves the addition of an item which causes a decrease in another. Different economists have designed theories to explain various economic concepts and principles.
Economics is a social science that studies people's everyday business lives, particularly their relationships with utility in the creation, consumption, and distribution of goods and services.
Economist is the person who prepare the graphs, maps charts and tables. Their main work is to study the goods and services that are produced.
They analyze and evaluate the data, researching trends after collecting the data. Example is the commodity has increased the price, what are the effects on the demand of the particular commodity is explained by economist.
Thus,Economics is a social science that studies people's everyday business lives
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