Economy

It is the social science that studies the economic behavior of individual agentsproduction, exchange, distribution and consumption of goods and services, understood as a means of human need and individual or collective result of thecompany. Other doctrines help to further this study: psychology and philosophyattempt to explain how to determine the objectives, history records the change inobjectives over time, sociology interprets human behavior in a social and political science explains the relationship power to intervene in economic processes.


The purpose of studying economics is the proper distribution of scarce resources to meet human needs. In other words, analyzing the relationship between the resourcesavailable, which are limited in nature and needs, which are absolute, but hierarchical.The object of economics is very broad, encompassing the study and analysis of thefollowing facts: 1
The way in fixing the prices of goods and factors of production such as labor, capitaland land and how they are used to allocate resources.
The behavior of financial markets and how they allocate capital in society.
The consequences of state intervention in society and its influence on market efficiency.
The income distribution and suggests the best methods of helping poverty without affecting economic performance.
The influence of public spending, taxes and state budget deficits in countries' growth.
As business cycles are developed, its causes, fluctuations in unemployment andoutput, as well as measures to improve economic growth in the short and long term.
The flow of international trade and the consequences of erecting barriers to free trade,.
The growth of developing countries.