Meaning of Economics

Economics:The branch of knowledge concerned with the production, consumption, and transfer of wealth.

 or

Economics is study of choice problem of allocation of scarce resources into their alternative uses to satisfy needs of humans.

or

Economics is study of allocating limited resources to their alternative uses to get maximum satisfaction.

इकोनॉमिक्स में हम सीमित वस्तुए कितने अलग अलग प्रयोगों में ले सकतें हैं जिससे हमारी संतुष्टि सबसे अधिक हो उसकी पढाई करते है.