Wealth is not just money . Kids learn about the basics of economics including microeconomics vs. macroeconomics, what is the economy, goods and services, and types of economies. Money and Finance. An economy is a system for allocating resources to meet people's needs and wants. What is an economy? Economics is the study of the economy, or the part of a society that creates wealth. People who study economics, called economists, look at how people create wealth, how they use it, and how different people get different amounts of it. Wealth comes from the production of goods and services, which people buy with money. Money and Finance. History Biography Geography Science Games. It determines how goods and services are … Economics.

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