"ECONOMICS AND ECONOMY
Even those people who don´t want to study economics sometimes have to make serious economic decisions. For example: students search the most suitable jobs, people buy economically, etc. Economics also helps to widen something about money, banking and other useful areas. The choice of society has concerning goods and services is always limited by the amount of available resources and the technical possibilities . In this sense, scarcity is the key phenomenon in economic life. In contrast to goods and services, human needs and requirements are unlimited. Therefore, every society faced with three main problems: what, how and for whom to produce.

ECONOMICS – A SCIENCE
Economics is a science concerned with the laws governing the economic life of a society and the ways of dealing with the main issues of any economy, how to meet propably never-ending wants and needs how to produce valuable commodities from the existing scarce resources and how to allocate them efficiently to domestic and foreign useres. The most important question to be answered by economists is what, how and for whom to produce and how to reach stable economic develeopment without crises.

The science of economics has two branches : macroeconomics and microeconomics.

MACROECONOMICS deals with issues concerning to the economy as a whole. It explains economic facts in aggregate – in totals for the whole country. The main tasks for economist in this field is finding methods of reaching economic stability and prosperity, and fighting with those negative problems as unemployment, inflation and recession.

MICROECONOMICS, on the other hand, deals with the problems concerning single elements of a country´s economy, as business firms, households, markets, behaviour of individual consumers, and prices of single products."