Fundamental economics are issues that are at the core of economics. They form the basis of studying economics, such that if you are to study economics effectively at all, then you have to understand these concepts fully from the very onset. Since economics is studied from different perspectives, and since the many different points of view often clash, the fundamental concepts also vary according to particular school of thought. However, there are some concepts that are conventionally accepted by most economists as very important. These concepts come in the form of questions, which are referred to as the fundamental questions of economics.