The scientific study of the production distribution and the consumption of goods and services are?

The scientific study of the production, distribution, and consumption of goods and services is known as economics. It examines how individuals, businesses, and governments allocate resources to meet needs and wants, analyzing factors that influence decision-making and market dynamics. Economics is divided into microeconomics, which focuses on individual entities, and macroeconomics, which looks at the economy as a whole. Through various models and theories, it seeks to explain and predict economic behavior and outcomes.