Economy for beginners

Economics often is considered a dry or “dismal” science. In schools, it is often taught with a focus on abstract supply and demand charts or complicated mathematical formulas.

When we think about economics or “the economy,” we think about money, goods, or services—or perhaps government policy. Although these are aspects of an economy, economics at its core is about human actions. It’s about the choices and actions we make as individuals. It’s about our individual wants, needs, and abilities. And it’s about how we interact with others to benefit each other and build the society around us