Economics

Generally, Economics is the study of how societies use scarce resources to produce commodities and distribute them among different people.
Economics is the social science that studies the production, distribution and consumption of goods and services.
• Marshall's Definition
Political Economy or Economy is the study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisite of well-being.
• ROBBINS' DEFINITION:
Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses.