What is economics, explain economics?

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.

Explanation:

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. Economics focuses on the actions of human beings, based on assumptions that humans act with rational behavior, seeking the most optimal level of benefit or utility. The building blocks of economics are the studies of labor and trade

Explanation:

hope this will help you

one of the major compromises in the constitutional convention was between the small states and big states. the small states wanted each state to have the same number of representatives in congress. the big states wanted representation based on population.

although world war i began in 1914, the united states did not join the war until 1917. the additional firepower, resources, and soldiers of the u.s. to tip the balance of the war in favor of the allies. remaining neutral. when war broke out in 1914, the united states had a policy of neutrality.