Economy, asked by shubhamjangra259, 3 months ago

1. What do you understand by the term Economics?

Answers

Answered by ba611333

2

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.

Answered by Anonymous

0

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.

Explanation:

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