Economics is about how society provides for its material well being. 
It concerns the production, distribution, and use of goods and services. It studies the allocation of scarce resources — natural, human, and produced — among alternative uses. The most important principle of economics is that in an economic society or any of 
its sub-units — households, business firms, and governments — resources are limited relative to the wants for the goods and 
services they can provide. Efficient use of resources is thus a 
central economic focus. The distribution of income and maintenance of overall prosperity are others.

Besides providing factual knowledge about the economy, an economics major is designed to develop your ability to think and communicate in analytical terms. It trains you to make systematic choices among alternative uses of anything of which there is a limited quantity. For instance, you are economical as you decide how to spend a limited amount of money during a school year. You know you cannot have all of everything you want.

The analytical framework of economics can be used to help understand and improve many business and social activities. 
The widespread applicability of the economic way of thinking means 
that a bachelor’s degree in economics prepares you for a variety 
of careers.