Economics is a social science that studies the production,distribution and consumption of goods and services ,economics as applied to agricultural and environmental issues is concerned with the efficient allocation of natural resources to maximize the welfare of society.
Economic has its own role, which is studying the way that people make choices, the better choices we make! Economics has quite an extensive role to play in a multitude of contexts, particularly in solving agricultural and environmental problems, the economic strategy allow the current generation to save and keep the sources of nature to the new generation.
It has 2 types ; macro and micro economic , and it has five concepts related to it , these concepts are:
-The trade war
-Supply and Demand
-Sunk cost
In order to make enough resources for the new generations, we should know how to use the current sources , not to waste it.
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