English, asked by yadamyangfo245, 6 months ago

0.1 What is economics ?

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Answered by faisalfiroz02

Answer:

Economics is the study of how humans make decisions in the face of scarcity. These can be individual decisions, family decisions, business decisions or societal decisions. ... Scarcity means that human wants for goods, services and resources exceed what is available.

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Answered by khushikr1689

Answer:

Economics is a social science concerned with the production, distribution, and consumption of goods and services.

Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the economy as a whole, and microeconomics, which focuses on individual people and businesses.

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