Economics
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[[Image:Ill-Matched Lovers (Quentin Matsys).jpg |thumb|right|200px|''[[Ill-Matched Lovers (Quentin Matsys)|Ill-Matched Lovers]]'' (c. 1520/1525) by [[Quentin Matsys]]]] | [[Image:Ill-Matched Lovers (Quentin Matsys).jpg |thumb|right|200px|''[[Ill-Matched Lovers (Quentin Matsys)|Ill-Matched Lovers]]'' (c. 1520/1525) by [[Quentin Matsys]]]] | ||
- | [[Image:German Autobahn 1936 1939.jpg|thumb|230px|A [[German]] [[autobahn]] in the [[1930s]]]] | + | [[Image:German Autobahn 1936 1939.jpg|thumb|200px|A [[German]] [[autobahn]] in the [[1930s]]]] |
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'''Economics''' is the [[Social sciences|social science]] that studies the production, [[Distribution (economics)|distribution]], and consumption of [[Good (economics and accounting)|goods and services]]. The term ''economics'' comes from the [[Greek language|Greek]] for ''oikos'' (house) and ''nomos'' (custom or law), hence "rules of the house(hold)." | '''Economics''' is the [[Social sciences|social science]] that studies the production, [[Distribution (economics)|distribution]], and consumption of [[Good (economics and accounting)|goods and services]]. The term ''economics'' comes from the [[Greek language|Greek]] for ''oikos'' (house) and ''nomos'' (custom or law), hence "rules of the house(hold)." |
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Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Greek for oikos (house) and nomos (custom or law), hence "rules of the house(hold)."
One of the uses of economics is to explain how economies work and what the relations are between economic players (agents) in the larger society. Methods of economic analysis have been increasingly applied to fields that involve people (officials included) making choices in a social context, such as crime, education, the family, health, law, politics, religion , social institutions, and war.
See also
- General economy by Georges Bataille
- Art world economics
- Patronage
- Underground economy
- Military-industrial complex
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Economics" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.