For a free trial of World Book Online, click here . Economics is the study of how goods and services get produced and how they are distributed. By goods and services, economists mean everything that can be bought and sold. 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.