How would you define the study of economics

Economics is the study of how socities use scarce resources to produce valuable commodities and distribute them among different people. (

It studies how people choose to use scarce resources or limited productive resources (labor, equipment, technical, knowledge) to produce various commodities and to distribute these commodities for consumption.

To sum up, Economics is a branch of social sciences, which deals with the study of how human being allocate or use their scarce resources to sustain and satisfy their needs and wants.

  b.

there are isolated pockets of farming, generally around rivers and oases, which are used for irrigation.

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