Question

Economic is a Study of scarcity. Discuss ​

Answer 1

Answer:

Answer:Scarcity means that resources are limited, and because resources are scarce, people must make choices. Economics is the social science that studies how people use scarce resources to satisfy unlimited needs and wants.

Answer 2

Explanation:

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Economic as study of scarcity.

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Wè all know that economic means how to deal with the demand of people. It is the study of how to satisfied the unlimited wants of people in limited resources. Hence, we can say that we come to know about the scarcity of resources and commodities in economic subject. So, it's a study of scarcity.

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