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Archeological and written records of human existence suggest that obtaining the material means to satisfy wants has been a perpetual problem. Food and shelter are requirements of human life. Other goods satisfy a range of human desires and give pleasure or utility to individuals. The study of ways that humans deal with these issues and challenges is called “economics.”

he evolution of processes to solve the provisioning problem takes place in a social context. As a result, the economy is a system and is interrelated with a variety of other social systems. These systems include (but are not limited to) economic, political, religious, social, geographic, demographic, legal, and moral systems. The psychology of individuals is also fundamental to the social system. 

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