What is economics, explain economics?

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.

Explanation:

Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. Economics focuses on the actions of human beings, based on assumptions that humans act with rational behavior, seeking the most optimal level of benefit or utility. The building blocks of economics are the studies of labor and trade

Explanation:

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you will need these

an outline of all three paragraphsan identification of the historical era that you are writing aboutan explanation of the term mass productiona description of two ways new technology affected industrya conclusion that shows how new technologies allowed industrialization to grow

d. it gave farmers a way to organize for more political power