What is Economic ?

Economics is the study of the production and consumption of

goods and the transfer of wealth to produce and obtain those
goods. Economics explains how people interact within markets
to get what they want or accomplish certain goals.

There are two main types of economics :

macroeconomics and microeconomics.
1. Macroeconomics Macroeconomics refers to how
economists in this field analyze the structure and function
of large-scale economies as a whole, whether regional,
national or global. Macroeconomics examines the
complex interplay between factors such as national
income and savings, gross domestic product, gross
national product, consumer and producer price indexes,
consumption, unemployment, foreign trade, inflation,
investment and international finance.

2. Microeconomics Microeconomics examines the impact

that economic choices made by individuals, businesses
and industries have on resource allocation and the supply
and demand of goods and services in market economies.
Because supply and demand determine the price of goods
and services, microeconomics also studies how prices
factor into economic decisions, and how those decisions,
in turn, affect prices.

Leadership:
Leader is "a person who influences a group of people towards
the achievement of a goal".
Leadership is a process by which a person influences
others to accomplish an objective and directs the
organization in a way that makes it more cohesive and
coherent.

Follower :
A person who supports and admires a particular person or set
of ideas.
A person who takes an active interest in a particular activity.
He is a keen follower of football.