Economics is the study of how individuals, businesses, and governments make decisions about how to use limited resources in order to satisfy their wants and needs. It is an interdisciplinary field that combines elements of political science, sociology, psychology, history, mathematics, and statistics. Economics examines the production, distribution, and consumption of goods and services, as well as the interactions between different economic agents. It focuses on the behavior of individual people and organizations, and how their decisions can affect the economy as a whole. Economics is divided into two main branches: microeconomics, which studies the behavior of individual consumers and firms, and macroeconomics, which looks at the economic performance of entire countries and regions. Topics studied in economics include supply and demand, market structure, economic growth, inflation, unemployment, international trade, and fiscal and monetary policy. Economics is an important field of study for anyone interested in understanding how the world works and how to make better decisions in their own lives.
Worksheets for Economics are available under the following sub-topics:
