The Economist defines economics as the study of how society uses its scarce resources.
Alex Tabarrok and Tyler Cowen define economics as the study of human action, how people make choices, and how they should make choices under scarcity.
Atlas topic, subject, and course
The Economist, Economics A-Z, at http://www.economist.com/economics-a-to-z/e#node-21529558, accessed 30 April 2016.
Tyler Cowen and Alex Tabarrok, minute 2.37 in video, Introduction, Principles of Economics – Microeconomics, Marginal Revolution University, at http://www.mruniversity.com/courses/principles-economics-microeconomics, accessed 30 April 2016.
Page created by: Ian Clark, last modified 30 April 2016.