Economics is the study of how people, businesses, and governments make decisions about the allocation of resources. FINANCE is a subset of economics that focuses on the management of money and other assets. VOODOO economics is a term used to describe economic policies that are based on superstition or irrational beliefs. WCIHEL stands for the World Commission on the Ethics of Scientific Knowledge and Technology, which is an international organization that promotes ethical standards in the use of science and technology for economic development.