Economy -Science studies the use of differentkind of limited resources tomeet the needs of people and relationshipsbetween the various parties arisingprocess management;economy itself, that is the set of allcapital goods used by peoplein order to ensure their needs.The economy is divided into scientific andapplied economics. Knowledge economyalso referred to as economic theory -the science of how people and societies chooseway to use scarce resources,having multipurpose value. AppliedEconomics studies the features of the applicationlaws, theories and proposals developedeconomic theory directly tothe functioning of the individual elementseconomic systems.Economics as a sciencebranch of the social sciences. ObjectEconomic Sciences is the economicreality.