Economics
The study of economics is looking at how societies use there scarce resources. There is a problem though, no country has unlimited resources so there is the economic problem that faces every society in our world today. The economic resources or the factors of production are, capital, enterprise, land and labor. The factors of production go into the production of goods and services which satisfy our needs and wants. Capital means man made items, enterprise is the head of a business, land is the land that has been used in order to make the product and labor is the hard work put into the production from people. Among st all this there are economic systems which is the production and selling of goods and services as well as allocating resources in society.