What is Economics?

Economics is the study of how people chose to use resources. This includes what is available in land, infrastructure, other tools and the knowledge of how to combine them to create useful products. Often people use resources to manufacture goods that benefit the satisfaction of the people. Economics is also the basic study of labor, land and investment of money for income and production. Economist seek to learn the comparison of rich and poor or different businesses that might have a great impact on the economy. The most famous book in economics is Inquiry into the Nature and Causes of The Wealth of Nations written by Adam Smith