To start off this page, I’d like to tell what Economics is, before I start writing anything else about it. This definition from Dictionary.com says that Economics is “
This sounds more complicated than it really is. Almost anything you do is probably related to Economics. For example, when you buy something, sell something, or have a job – those are all related to Economics.
Economics is how you spend your money that you earn. Let’s say you get an allowance of $5.00 a week. You would have a choice to save it, invest it (I’ll be talking more about this later), or spend it.
The definition from Dictionary.com talks about how Economics is the
Goods- Items and Merchandise sold at stores. Food, toys, clothes, and any tangible item you can buy.
Services- When you hire people to do a job that you want done, a doctor, a plumber, sport player, and etc…