1. Economics is defined as the study ... mankind ... the everyday business ... life.
2. Economics studies our everyday lives and the general life ... our communities ... order to understand the whole economic system, to find economic laws.
3. It is the system ... the management, use and control ... the money, goods and other resources ... a country, community or household.
4. Economics as a science consists ... microeconomics and macroeconomics.
5. Economics makes predictions ... national economy.