Economics is the social science that studies the production, distribution, and consumption of goods and services.
 

Economics (also known as national economics or economic political science) is a branch of economic science. It examines interrelationships in the production and distribution of goods and factors of production. Economics also deals with human action under economic conditions, i.e. with the questions of how human action can be justified economically and which action brings the greatest possible benefit for the individual or a community. It is used to search for laws and recommendations for economic policy; in addition, individual economic processes are considered within the framework of microeconomics and macroeconomic processes within the framework of macroeconomics.