Economic theory is the science that studies the actions of people in the process of choosing rare resources for the production, exchange, distribution and consumption of goods and services.
Economic theory is a science that studies the laws of development of the economic system arising from the production and appropriation of goods and services in all spheres of social reproduction, as well as those aspects of the evolution of the national consciousness of the spirit of the people, its culture, psychology,
morality and behavior that affect the process economy.
The subject of economic theory is the study of organizational, economic and industrial relations in their interaction with productive forces and the organization of management and effective management
of the entire economy.
The object of research in economic theory is an economic system that functions on the basis of certain production relations. The main task of economic theory is to characterize the foundations of the functioning of economic systems by analyzing the operation of economic laws.