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Q: meaning of economics
A: Economics is the social science that studies economic activity to gain an understanding of the processes that govern the production, distribution and consumption of goods and services in an exchange economy.
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User: meaning of economics

Weegy: The sacrifice involved in performing an activity, or following a decision or course of action. [ It may be expressed as the total of opportunity cost (cost of employing resources in one activity than the other) and accounting costs (the cash outlays). Read more: ]
thewolf010|Points 1160|

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Asked 9/25/2012 1:13:51 PM
Updated 7/1/2014 6:40:37 AM
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This conversation has been flagged as incorrect.
Flagged by alfred123 [7/1/2014 6:40:31 AM]
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Economics is the social science that studies economic activity to gain an understanding of the processes that govern the production, distribution and consumption of goods and services in an exchange economy.
Added 7/1/2014 6:40:37 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [7/1/2014 6:54:44 AM]
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