Economics

Economics is the study of choices. Though some believe that economics is [blank] purely by money or capital, the choice is much more expansive. If the study of economics is the study of how people choose to use their resources, analysts must also consider all of their possible resources, of [blank] money is but one. In practice, resources can encompass everything from time to knowledge and property to tools. As such, economics helps illustrate how people interact within the market to [blank] their diverse goals. Beyond defining what these resources are, the concept of scarcity is also an important consideration. These resources - no matter how broad the category - are limited, which is the source of tension in the choices people and society make: Their decisions are a result of the [blank] tug-of-war between unlimited wants and desires and limited resources.