What are "Economics"?

1. Financial considerations
"The science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind."

2. Domestic considerations
"The science of household affairs, or of domestic management."

3. Personal considerations
"The study of how people use their limited resources in an attempt to satisfy unlimited wants."



"economics." Dictionary.com Unabridged (v 1.1). Random House, Inc. 17 Feb. 2009. http://dictionary.reference.com/browse/economics>.