According to sociologist c. wright mills, corporate elites have greater control over economic policy than even elected officials have.
What is Economics?
- The study of economics, The social science that examines how products and services are produced, distributed, and consumed.
- Economics is the study of how economic function and the activities and interactions of economic agents.
- Microeconomics is a branch of economics that studies individual actors and markets, as well as how they interact and what happens as a result of those interactions.
What makes economics so crucial?
- Our daily lives are influenced by economics.
- Understanding economic models from the past, present, and future will help us apply them to societies, governments, businesses, and people.
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