What your definition of "Economics" be?

Question

What your definition of "Economics" be?

Answer 1

The study of how scarce resources are allocated to satisfy limitless wants.

Answer 2

The study if the cycle of currency and bank credit around the globe.

Answer 3

The theory that explains to you why you're broke or have money certain times of the year

Answer 4

When you get down to it the definition of economics is

money=power

Answer 5

i would say that economics is the allocation of scare resources in the economy. how the effect of this would have on demand, or on supply. how the government decides on these factors.  

Answer 6

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)."

Current economic models developed out of the broader field of political economy in the late 19th century, owing to a desire to use an empirical approach more akin to the physical sciences. A definition that captures much of modern economics is that of Lionel Robbins in a 1932 essay: "the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses." Scarcity means that available resources are insufficient to satisfy all wants and needs. Absent scarcity and alternative uses of available resources, there is no economic problem. The subject thus defined involves the study of choices as they are affected by incentives and resources.