economics

Economics deals with the economic activities of a man in society. Economic activities are those activities which are concerned with the efficient use of scarce resources which can satisfy human wants. Production,consumption,exchange,distribution etc are the main economic activities.thus,economics is concerned with the man's wants and his efforts to satisfy his wants.the history of economics is as old as the history of mankind.It is not an easy task to provide a single and accurate definition of economics.Infact economics is an unfinished science and is always in the process of development.Some economist consider economics as science whereas some regard it as a art.Economics is also systematic body of knowledge.Economics can also be considered as a social science.It is that branch of knowledge which studies those activities of human beings which are used for production of scarce goods and services to satisfy their unlimited wants.It can also be said as an enquiry into nature and cause of the wealth of nations.