HELP PLS ‘Economics is the study of the production and consumption of goods (and services) and the transfer of wealth to produce and obtain those goods.’

Please tell me what this statement is saying in your own words

Economics is the study of the products that are used up. These products include food, water, and health products.  

so you come to the correct conclusions and make the right decision based on good judgment and a clear mind and valid thought processes behind it, and not just hasty thinking and recklessness.

explanation:

hey love i hoped this if it didn't let me know. you so much and have a wonderful day : ) keep doing the very best you can and never give up you can do it