Economy, asked by direinthotel, 7 months ago

1. Explain why economics deals with efficient utilization of scarce resources.

Answers

Answered by Anonymous

23

Economics is the study of the allocation of scarce resources. We have infinite desires and wants and only some limited amount of resources to satisfy them. We therefore wish to optimise the production from those scarce resources. ... At which point we need to know which resources are scarce of course.

Answered by gelelchagemechu

0

Answer:

scarciy is the problem of todays world

Explanation:

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