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ECONOMICSIntroduction:When we look at social science, we are sure to deal with the production, exchange, consumption and distribution of goods and services. Economics therefore will seek to elaborate on how groups and individuals, business enterprises and governments all seek to achieve their economic goal. To prepare the young women who would afterwards would have control over their own households, Home Economics; a US movement was then developed to be taught to young girls in public schools. This was engaged enable the citizens own tools to compete and participate in the economy, which was the main role of the government in the economy. This would consequentially empower the countrys citizens to fight poverty, homelessness and criminal behavior which might result as a cause of bad economic management. Therefore, when one studies economics he/she is bound to analyze three main aspects related to economics, which include:1. The history of Economic thought.2. The economic systems available and3. The current economic problems.The History of Economic Thought: Within the history of thought, several reasons concerning economics arose among different cultures, nations and empires of ancient times. These inputs I the development of economics were complemented by great minds of history such as Aristotle and Plato of Greece, The romans, The Roman Catholic church as well as the Scottish economist and philosopher Adam Smith. These thoughts included:MercantilismPhysiocrac

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