What is economics?

What is economics?

So, everyday I know many new things about economics, such as economics is the study about how to allocate scarce resources in the most effectime way.

Economics is everywhere in the world, every person and every big organisation in the world try to to do the best quality and to save their money. Managers of companies try to decide what to produce and in what qualities.

Also many people in the world try to find the special way where they can make a profit even they don't have much resourses or these countries are poor: for example there are some poor countries in the world such as Senegal, Madagascar, Republic of Kenya, these countries don't have a good economiocs system and they don't have useful resourses, but they make a really big profit by tourism, and that's a great economy and great possibility to eliminate poverty.

Also in many rich countries such as Germany, Great Britain, Belgium, Sweden etc, government try to do many advantageous things to save their profit, for example they employ lots of people from third world countries to work in shops, some companies, and government of these countries save much money, because they have cheap work force and it is a big economy.

Also I have known about command (planned) economy.

Everyday government think about how to improve their economy and be in the leaders in the world. They think about special decisions such as what to produce and how to produce. For producing government needs much resources, like oil, gas to make some inventions for using, but there many countries that don't have any resources and they buy them from many other countries.