Economics

Economics is the science of the economy. Economic activity aims to satisfy needs through the provision of goods and services. It has existed as a science since the 18th century. Today, there are two pillars in the form of economics and business administration.

In its business management form, it looks at the rational use of scarce resources, in particular the relationship between the use of resources and production, the procurement of resources and the sale of products. The design and management of economic organizations and their members are further subject areas.

In its economic form, it essentially looks at exchange relationships of all kinds in markets.

There are many connections to other independent sciences.