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The human condition: We have limited resources, yet have unlimited wants. They call this scarcity.

Hence economics is introduced. It is defined as the social science that deals with the production, distribution, and consumption of goods and services and with the theory and management of economies or economic systems.

If you still don’t get it, this basically means it decides who gets what.

If monetary scarcity is the main problem of economics, then I think the lack of appreciation and understanding is the main problem of life. The twin characteristics seems to be scarcer then the former. Who is in charge of dishing out appreciation?

If there is such a thing as human geography, can this be called human economics?