Economics is the study of the use of scarce resource that have alternative uses that the classic definition of economics. Basically, there are people & people need resources to fulfil their desires.

Macroeconomics is the study of a national economy as a whole & also how they economically function.

Microeconomics is the study of economics at an individual, group or company.

• When Australians buy Australians products the Australian Economics grows.

• Macro economics has 3 main sources: Consumers, producers & Wealth.