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It is generally accepted that the formal study of economics began with [[Adam Smith]], in his book [[An Inquiry into the Nature and Causes of the Wealth of Nations]]. The origins of the field however, lie in the [[banking]] industry, which has developed over thousands of years.

It is generally accepted that the formal study of economics began with [[Adam Smith]], in his book [[An Inquiry into the Nature and Causes of the Wealth of Nations]]. The origins of the field however, lie in the [[banking]] industry, which has developed over thousands of years.

Economics generally divides into two broad areas of study [[Macroeconomics]], which is concerned with the study of a given economy as a while, and [[Microeconomics]], which is concerned with a particular market, or firm within that economy.

Economics generally divides into two broad areas of study [[Macroeconomics]], which is concerned with the study of a given economy as a whole, and [[Microeconomics]], which is concerned with a particular market, or firm within that economy.

Examples of systems in [[macroeconomics]] are [[capitalism]], [[socialism]], and [[communism]].

Examples of systems in [[macroeconomics]] are [[capitalism]], [[socialism]], and [[communism]].

[[Category:Economics| ]]

[[Category:Economics| ]]