What is Economics? Economics is practiced as a Common Science as it breaks down the key conceptions such as making up, allotment, and disbursement pertaining to the merchandise and services. The word Economics is deduced from a prehistoric Greek word, "Oikonomia" which entails "supervision of domestic and administration, for this reason, called to be the "system of the house". Basically, an Economics is a learning of the fabrication and using up of goods that let in the financial support of production so as to get hold of those goods. Another name for Economics can be the study of the people behaviors inside the market at the same time as they endeavor to accomplish definite goals, for e.g., a customer attempts hard to diminish spending and vendor efforts to take full advantage of sales and that dissembles the demand and supply. Primarily, Economics can be categorized into two as per an economy size. This can also be taken up in a...