Definitions of economics:
- “a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services”–www.merriam-webster.com/dictionary/economics
- “the branch of social science that deals with the production and distribution and consumption of goods and services and their management”–wordnetweb.princeton.edu/perl/webwn
- “The study of how societies allocate and manage their scarce resources.”–www.argmax.com/About/articles.php
- “The study of how people use their limited resources in an attempt to satisfy unlimited wants.”–www.intc.com/glossary.cfm
- “The ‘dismal science,’ according to Thomas Carlyle, a 19th-century Scottish writer. It has been described in many ways, few of them flattering. The most concise, non-abusive, definition is the study of how society uses its scarce resources.”–www.economist.com/research/economics
- “The study of how scarce resources are or should be allocated.”–www.enotes.com/econ-encyclopedia/economics
