What is economics?


Economics is a Social science that analyzes and describes the consequences of choices made concerning scarce productive resources. 


Economics is the study of how individuals and societies choose to employ those resources: 
What goods and services will be produced, how they will be produced, what purpose or need they will solve, and how they will be distributed among the members of society.

Time counting on a calendar & how we use our time also falls in the category of economics:

Economics is the astrological art of mathematics done via the counting of time, months and the numbering of days in a year or on a calendar, and how it relates to the human culture of doing work. 

The measurements of human strength in units, and how these mathematical counting is related to the monopoly of monetary (money) is also done via the art of Economics.

Through economics this is where products, services, stocks are given their value: 

Banking money, giving of accounts, the imposing of tax, the forging of interest rate, finance, reckoning, debt, mortgage, the putting of barcodes on products, giving of loans, designing of insurance policies, cost of products, etc, all these activities fall into the department of Economics. 

One’s habits can become his/her economical status:

Through the inhabited human habits, one’s economical value can decrease or increase.
Our human inner ability to exchange can increase or decrease in value via the cultural art of economics.
 
Good or moral (positive) habits leads to economical increase, whereas negative bad or immoral habits leads to economical decrease.

The biblical formula that governed the art of Economics in the Hebrew culture of Judaism follows the Hebrew calendar of God.


The Islamic economical system follows the Islamic calendar, the Christian economical system follows the Gregorian calendar, the Chinese Economical system follows the Chinees calendar etc…. 

Article written by Apostle Ngabo.