Business and Economics

Business is the activity of making, buying, or selling goods or providing services in exchange for money. It involves various operations like marketing, finance, and management. Economics, on the other hand, is the study of how societies use limited resources to fulfill their wants and needs. It examines how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their desires. Therefore, the intersection of these two fields helps understand the mechanics of the marketplace and how the choices we make impact the economy.