The meaning of economics In a general sense, economics is the study of decision-making and choice necessitate by unlimited wants and scarce resources。 Economics is a search for ways to expand our limited capability to fulfil our wants。 Wykstra: Introductory economicsThe Meaning of Economics • In a general sense, economics is the study of decision-making and choice necessitate by unlimited wants and scarce resources. • Economics is a search for ways to expand our limited capability to fulfil our wants. • Wykstra: Introductory Economics