Economic study(Nature)
Man is a social animal. He has many varied wants. When a man is borne his wants starts and one want is satisfied another one takes place. When a child grows his wants also changes in to multiply wants. Man never satisfies untill death his wants every times changes day by day.
Every person in this world is doing some effort wants to earn some-thing for his family to satisfy himself aslo. Persons are engaged with some work to fullfill his varied wants. Farmers are doing their work in Fields some are in Factories, Doctors in Hospitals, Teachers in Schools, Lawyers in Courts. Why a man is doing this? The reason is only that he wants to earn their wealth and many other very wants. When ever a person will do any activity he will satisfy himself other-wise no one can earn anything whether it is wealth or want.
There are many economic needs like we are spending money for purchasing a new car , make new house, are travel to many countries. These kind of needs which we can fullfill with money. To satisfy these economic needs there are some type of material or economic activity has to be performed, these activities are those which are performed with a view to earning wealth and wants. No person's aim is to reduce their wants. They are men who have many types of wants and needs. On the contrary if we see some imaginary persons their results of economics will go wrong.
We never consider some activities which have been done by those persons who are not normal type like mad persons, drunkards.
Thus Economics is like a social science which studies economic activities of social, and the person who is normal and the goal is only to earn wealth and very much wants.
Thank you