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It is generally accepted that economics was created as a science by [[Adam Smith]], in his book [[An Inquiry into the Nature and Causes of the Wealth of Nations]].
It is generally accepted that economics was created as a science by [[Adam Smith]], in his book [[An Inquiry into the Nature and Causes of the Wealth of Nations]].
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.
Examples of systems in [[macroeconomics]] are [[capitalism]], [[socialism]], and [[communism]].
Examples of systems in [[macroeconomics]] are [[capitalism]], [[socialism]], and [[communism]].
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