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Economic is a sciense. This sciense is based apon the facts of our everyday lives.Economists study our everuday lives/They study the system in which we live.He tries to explain how the system works. His methods shoud be strictly objective and scientific. We need food,clothese and shelter.We probably would not go to work if we could satisfy these basic needs without working.But even when we have satisfied such basic needs,we may still want other things.Our lives might be more enjoyable if we had such things as radios,books and tiys.Human beings certanle have a wide and very complex range of wants.The sciense of economics is conserned with all our material needs:it is concerned with the desire to have a radio as well as the basic necessity of having enought food to eat.