Economics is the study of how people choose to use resources.
Economics includes the study of labor, land, and investments, of money, income, and production, and of taxes and government expenditures. Economists seek to measure well-being, to learn how well-being may increase over time, and to evaluate the well-being of the rich and the poor. The most famous book in economics is the Inquiry into the Nature and Causes of The Wealth of Nations written by Adam Smith, and published in 1776 in Scotland.
Below are videos on key economic topics.
WHAT IS ECONOMICS
SUPPLY & DEMAND
DEMAND, SUPPLY AND EQUILIBRIUM SHIFTS
PRODUCTION POSSIBILITIES CURVE
FREE MARKET v COMMAND ECONOMIES
CIRCULAR FLOW OF ECONOMICS