The economy is a study of the production, distribution and consumption of goods and services - and the economy.
Economists attempt to understand the economy and the manner in which to respond to the various effects, such as changes in the rates of federalism. The economy is a social science.
Started the modern economy in 1776, and this was the first comprehensive defense of the free market,
and continues to be the effective work for today. The Central Bank of the work of the concept of the "invisible hand",
and the idea that the market, while appear chaotic, is guided in fact for the production of an appropriate quantity and variety of goods and services. If there is sufficient goods, there will be economic incentive to produce more; if there was a surplus of goods, there will be an economic incentive for the production of types of less than or different from the goods. The work was an influential Smith even experimental schools former abandoned economy after its publication.
The economy is the area which can be divided into a variety of various schools, and divisions, and analysis methods