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What does economics mean?

Economy is a science

Economy is the science that deals with the distribution of products and services in society. This is mainly about making the products and distributing them. In the economy, scarcity is an important concept: we want everything but not everything is unlimited available. By scarcity gets a good value. There are several economic systems: the Netherlands is an example of a mixed market economy where both government and free market forces play a major role. The term economy is also used in the sense of the need gratification of a country: when Hetgoed goes with the economy rising wages, unemployment is low and make the companies profit.

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