Question

discuss the nature and scope of economics?​

Answer 1

Answer:

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Answer 2

NATURE :- Economics is regarded as a social science because it uses scientific methods to build theories that can help explain the behaviour of individuals, groups and organisations. Economics attempts to explain economic behaviour, which arises when scarce resources are exchanged.

SCOPE:-
An economy of scope means that the production of one good reduces the cost of producing another related good. ... In such a case, the long-run average and marginal cost of a company, organization, or economy decreases due to the production of complementary goods and services.

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