ECONOMICS does not mean MONEY

Many people believe that economics is only a transaction of money for goods and services from which the producers profit. However, this is only one aspect of economics. If you ever have the opportunity to listen to a conversation between two economists, you will notice that they only use the money to measure its value.

BUT THEN WHAT IS ECONOMICS ???

"Economics is a science that studies human behavior as a relationship between ends and scarce means which have alternative uses"

    -Lionel Robbins           
       

Economics is all about how efficient, or how minimal work is required to produce maximum output with the assistance of some external resources. To comprehend, you must first be educated on some fundamental world principles. THE RESOURCES WE HAVE WILL BE Exhausted IN A COUPLE OF HUNDRED YEARS. Millions of people are born each year, increasing the likelihood that resources will be depleted. But, bro, millions of people die each year, so what difference does it make? No, because people die rather than their demands. We live in a world where people ask for a last wish before dying rather than enjoying their final moments. But enough about psychology; let's get back to business. When demand is at its peak, we will occasionally run out of resources to meet it. So economists are those mysterious people who understand this and run their businesses with the main goal of protecting resources and utilizing resources for resource conservation.

Let me tell you a very interesting fact,

In Indian culture, there are some business classes called THE BANIYAS and THE MARWAADIES. I belong to both of them. This scarcity fact is so ancient that these classes were known for being "CONJUS" or miser. They believed that money and resources they had are the last ones and they used to hate giving those to someone else.     They knew the real value of economics in one's life and always spend and save one step forward.