What is the study of how people manage their resources?

The study of how people manage their resources is called Economics.

Here's why:

* Resource Allocation: Economics focuses on how individuals, businesses, and governments make choices about how to allocate scarce resources (like time, money, labor, and natural resources) to meet their needs and wants.

* Decision-Making: Economics analyzes the decision-making process involved in resource management, including the costs and benefits associated with different choices.

* Efficiency and Optimization: Economics explores how to use resources efficiently to maximize output and minimize waste.

* Scarcity and Choice: A fundamental principle of economics is that resources are scarce, meaning there's not enough to satisfy everyone's desires. This scarcity forces individuals and societies to make choices about how to use their limited resources.

While other fields like Finance and Management also deal with resource management, Economics provides a broader framework for understanding how people make choices in the face of scarcity.