The Nature of Economics

The essence of economics is the study of the increase or decrease of wealth and the demand for consumption. It is a logical compendium of economic activity and is empirical, the equivalent of historiography in social deduction. Extended Information

Traditional . Economics is distinguished from political economy, traditional economics, the study of markets, costs, investment, consumption, resources, etc., or classical economics; political economy, the study of the system, the impact of class on the economy, etc., is due to the goals and objectives of the imperial economics, is the product of ideology, is highly controversial, does not yet have the definition of "science".