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ECONOMICS Economics is a broad term given to the social science of how choices are made in the face of limited resources. Economics is the science, which studies economic problems. Every country, company, and individual financial growth depends on the market economy . we will discuss some essential economic topics like economies of scale , the scope of the economy , supply and demand , and financial news. What is economics about? Science studies how societies use scarce resources to produce valuable commodities and distribute them among different people. Economics is the science that studies economic problems. Economic problems arise; due to following reasons; (a)  Man has unlimited wants or ends; (b) The means or resources to satisfy them are limited. (c) These resources are not specific but have alternative uses; and (d) Man has, therefore, to choose between wants. Economic example  Man has unlimited wants Human beings experience wants for food, clothing, shelter, education, ent