In this task, we ask you to rewrite a sentence in simple English without changing its general meaning. Essentially, you want to make the sentence easier to read by using simpler words, utilizing more straightforward sentence structures, and omitting non-essential information etc.

The Nobel Memorial Prize in Economic Sciences , officially known as The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( Swedish : " Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne " ) , is awarded annually by the Royal Swedish Academy of Sciences to researchers in the field of economic sciences .
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel , informally called the Nobel Prize in Economics , is a prize awarded each year for outstanding contributions in the field of economics .