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Economics examines how people make choices about the use of limited resources to satisfy unlimited wants. Economics helps explain and predict how goods and services will be produced and consumed.

Economics is the study of how people make decisions and of the forces that affect their behaviour and the shape of their institutions, such as the value of leisure time, consumer preferences and the extent of government intervention.

Economics explores:
   Issues of sustainability (efficient use of scarce resources)
   Enterprise (identifying profit-maximising levels of output)
   Citizenship (economic decisions affecting New Zealand society)
   Globalisation ( The benefit of international trade )

Economics considers the factors that influence the well-being of people and aims to find solutions to improve people's standard of living.

January, 2018
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