Economics
Economics is the study of factors of production and the relationship between producers and consumers in a market place. Economics is the study of systems that a society uses to decide what goods and services to produce, how to produce them, and how these goods and services will be shared or distributed among those in society. The economic problem is when the society have unlimited needs and wants but limited resources to satisfy them. Factors of productions are Capital, enterprise, labour and land they are used to produce goods and services to satisfy our needs and wants. An economic system is a system of production and where goods and services are exchanged. Also it focuses on equally sharing the distribution of resources throughout the community.