[RESOLVED] What is meant by Economics?« Back to Questions List

Question: What is meant by Economics?

Posted by quantumlucfrweb@gmail.com
Asked on 2 June 2023 10:28 AM
Answer: Economics is the study of how people and society choose to employ scarce resources that could have alternative uses in order to produce various commodities that satisfy their wants and to distribute them for consumption among various persons and groups in society.
Posted by quantumlucfrweb@gmail.com
Answered On 2 June 2023 10:29 AM