Economics is the study of how societies organize production, distribution, and the exchange of goods and services and about choices on how scarce resources are allocated to satisfy human wants. Who ...

Public economics, particularly the field of public choice, examines how public decisions are made and the implications of these decisions on economic efficiency and welfare. This area of study ...

we can help them make better choices. If economics is the science of studying how people use various, limited means available to them to achieve given ends, then applied economics is the tool to ...

Public economics and choice theory explore how government policies affect economic behavior and the allocation of resources. This field examines the role of public goods, market failures ...