There is no unequivocal answer to the question of what is the economy. After all, each person in his own way argues what it is and how to apply economic knowledge in his life.
A person who works directly in the field of economics can confidently say that this is a science that studies exactly how society spends certain resources. The philosopher will say that economics is a kind of psychology of people in the field of production. The housewife can safely answer that this is the science of proper housekeeping, and the student says that this is a special part of the life of mankind. If you look at "Wikipedia", then the economy is the totality of various types of activities of society, as well as the correct distribution, exchange and consumption of produced products.
The economy, as a phenomenon, arose long ago, even when there was no money or monetary systems. This moment came when a person took up agriculture and animal husbandry. At the moment of the first exchanges of natural products between people, the economy was born.
They talk about it always and everywhere, in the news, newspapers, magazines and even films, but does a person need it or can one easily do without it?
Each person has a number of their specific needs. The most basic of them are food, drink, clothing. Looking further, there are families who want something or need something. Further, it turns out that even more people have common needs, for example, cities need transport, hospitals need some drugs, etc. So it is with the help of the economy that all the above-listed needs can be satisfied. How?
Let's give an example - a drug for hospitals is purchased for money, but before that, you need to purchase the substance from which this drug is made for money. Raw materials for medicines, in turn, were extracted from natural components, or by chemical means. Everything that participates in the above series is called resources. These resources are limited, and it is the economy that can help allocate them correctly so that no one suffers. From this we can conclude that economic science is necessary for mankind in order to make the right decisions about the use of certain resources, so that in the future there are no those who will suffer from their incorrect distribution.