Question

economic is an important social subject​

Answer 1

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

Explanation:

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Answer 2

Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people.