Define Economics Meaning

The allocation of scarce resources that have alternative uses.

The study of choice in the face of scarcity.

The study of fufilling ones unlimited wants using the Earth's limited resources.

a "science" created by a group of middle-aged, bearded men called "economists" to ensure that anything they say can never be proven wrong

-A social science discipline with a contemporaneous logical framework that's based completely on the assumption that scarcity is a problem intrinsic to society. The effect of which justifies greed as a virtue.

-An institutional requirement for dime-a-dozen business majors, usu. taught by middle-aged, overly opinionated, white males in need of serious cultural experiences.

-Taught by sports coaches in high school as the study of "common sense."

Economics is about creating good outcomes for human beings.

Economics isn't meant to explain everything, but it is good for establishing parameters, distinguishing relationships, identifying issues, clarifying options and providing an analytical framework.

The way you find out how fucked up a country is!
And how the government is stealing from its citizens!!!
>:(

A class taught to most high school students about how a society manages its scarce resources. It is comprised of a handful of mildly persuasive concepts pumped full of jargon and needlessly represented by graphs to deter intelligent people from realizing that this is not a real science.

time when the economy is struggling due to selfish or greedy law makers

Economics is a social science, that is concerned with meeting 'unlimited demands with only scarce resources'. Economics relies on the assumption that everyone wants more and more money, goods and services = we are all a bunch of greedy mo' fo's. Hence the concept is accurate, and will continue to be taught in colleges everwhere for years to come. Noteable masters include the venerable Daddy G, of Peterborough fame.