By produced, they mean the processing and making of goods and services. By distributed, they mean the way goods and services are divided among people. Economists find many career opportunities in business and government. Many economists teach and do research at colleges and universities. Economists may specialize in one or more areas of economics.
Industrial economists study various forms of business organization.
They analyze production costs, markets, and investment problems. An agricultural economist specializes in the study of such areas as farm management and crop production. A labor economist is concerned with wages and hours, labor unions, and government labor policies. Other fields of economics include taxes, banking and finance, international trade, economic theory, and comparative economic systems. In addition to professional economists, thousands of people do statistical and clerical work in connection with economic problems.