Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance and over twenty years of experience in the classroom. Microeconomics is a social science that ...

The field of economics is a broadly applicable social science that analyzes the movement of resources within market systems, the parts that make up those systems and how incentives inform the ...

Leigh defines economics as a social science that studies how people maximize their well-being in the face of scarcity. It also studies how public policy might address the problems of poverty ...