Economics

Economics is the branch of knowledge concerned with the production, consumption and transfer of wealth.[1][2]

Subjects and objects in economics

The subjects (actors) in economic study are households, business companies, the government (the state), and foreign countries. Households offer their "factors of production" to companies. This includes work, land, capital (machines, buildings) and information. They get income which they use to buy or 'consume' goods.

Business companies produce and sell goods and services and buy factors of production from households and from other companies.

The state or public sector includes institutions and organisations. The state takes some of the earnings from the business companies and households, and uses it to pay for "public goods" like streets or education, to be available for everyone. The last subject is foreign countries. This includes all households, business companies and state institutions, which are not based in one's own country. They demand and supply goods from abroad.

The objects (things acted upon) in economic study are consumer goods, capital goods, and factors of production. Consumer goods are classified as "usage goods" (for example, gasoline or toilet paper), as "purpose goods" (for example, a house or bicycle), and as "services" (for example, the work of a doctor or cleaning lady). Capital goods are goods which are necessary for producing other goods. Examples of these are buildings, equipment, and machines. Factors of production are work, ground, capital, information, and environment.

Other Languages
Afrikaans: Ekonomie
አማርኛ: ሥነ ንዋይ
العربية: اقتصاد (علم)
aragonés: Economía
অসমীয়া: অৰ্থনীতি
asturianu: Economía
azərbaycanca: İqtisadi nəzəriyyə
bamanankan: Nafasorosira
বাংলা: অর্থনীতি
Bahasa Banjar: Ikunumi
Bân-lâm-gú: Keng-chè-ha̍k
Basa Banyumasan: Ekonomi
башҡортса: Иҡтисад (фән)
беларуская: Эканоміка
беларуская (тарашкевіца)‎: Эканоміка
bosanski: Ekonomija
brezhoneg: Armerzh
буряад: Эдэй засаг
Чӑвашла: Экономика
Cebuano: Ekonomiks
čeština: Ekonomie
Chamoru: Ekonomia
chiShona: Ronzanzanga
corsu: Ecunumia
Cymraeg: Economeg
Ελληνικά: Οικονομικά
English: Economics
Esperanto: Ekonomiko
estremeñu: Economia
euskara: Ekonomia
Fiji Hindi: Arthsaastr
føroyskt: Búskapur
Frysk: Ekonomy
furlan: Economie
Gaeilge: Eacnamaíocht
Gaelg: Tarmaynys
Gàidhlig: Eaconomachd
galego: Economía
贛語: 經濟學
गोंयची कोंकणी / Gõychi Konknni: अर्थशास्त्र
客家語/Hak-kâ-ngî: Kîn-chi-ho̍k
한국어: 경제학
hrvatski: Ekonomija
Ilokano: Ekonomika
Bahasa Indonesia: Ilmu ekonomi
interlingua: Economia
Interlingue: Economie
íslenska: Hagfræði
עברית: כלכלה
Basa Jawa: Ékonomi
ქართული: ეკონომიკა
kaszëbsczi: Ekònomijô
Kiswahili: Somo la Uchumi
Kreyòl ayisyen: Ekonomi
kurdî: Aborî
Кыргызча: Экономика
Ladino: Ekonomiya
Latina: Oeconomica
latviešu: Ekonomika
Lëtzebuergesch: Ekonomie
lietuvių: Ekonomika
Ligure: Economìa
Limburgs: Economie
Lingua Franca Nova: Economia
la .lojban.: dinske
македонски: Економија
Malagasy: Toe-karena
მარგალური: ეკონომიკა
Bahasa Melayu: Ekonomi
Mirandés: Eiquenomie
မြန်မာဘာသာ: ဘောဂဗေဒ
Nederlands: Economie
Nedersaksies: Ekonomie
नेपाल भाषा: अर्थशास्त्र
日本語: 経済学
norsk nynorsk: Samfunnsøkonomi
Nouormand: Êcononmie
Novial: Ekonomike
occitan: Economia
Oromoo: Dinagdee
oʻzbekcha/ўзбекча: Iqtisodiyot
ਪੰਜਾਬੀ: ਅਰਥਸ਼ਾਸਤਰ
پنجابی: اکنامکس
Patois: Ikanamix
ភាសាខ្មែរ: សេដ្ឋកិច្ច
Piemontèis: Conomìa
Tok Pisin: Ikonimikis
polski: Ekonomia
português: Economia
Qaraqalpaqsha: Ekonomika
Runa Simi: Musiku
русиньскый: Економия
саха тыла: Экономика
ᱥᱟᱱᱛᱟᱲᱤ: ᱠᱟᱹᱣᱰᱤ ᱟᱹᱨᱤ
Gagana Samoa: Economics
sardu: Economia
Scots: Economics
Seeltersk: Wirtskup
Sesotho sa Leboa: Thutothuo
shqip: Ekonomia
sicilianu: Ecunumìa
slovenčina: Ekonómia
slovenščina: Ekonomija
Soomaaliga: Dhaqaale
српски / srpski: Економија
srpskohrvatski / српскохрватски: Ekonomija
Basa Sunda: Ékonomi
Tagalog: Ekonomika
татарча/tatarça: Икътисад (фән)
тоҷикӣ: Иқтисод
Thuɔŋjäŋ: Piöcmääcëkäŋ
українська: Економіка
اردو: معاشیات
ئۇيغۇرچە / Uyghurche: ئىقتىسادشۇناسلىق
vèneto: Economia
vepsän kel’: Ekonomik (tedo)
Tiếng Việt: Kinh tế học
Volapük: Konömav
walon: Economeye
文言: 計學
Wolof: Koom-koom
吴语: 經濟學
ייִדיש: עקאנאמיק
粵語: 經濟學
Zazaki: İqtısad
Zeêuws: Economie
žemaitėška: Akuonuomėka
中文: 经济学