Question

"Economic is neutral between wants"Elaborate that.

Answer 1

Answer:

Economics essentially is the science of scarcity. Given that men have unlimited wants, but the resources available on earth are limited, economics essentially tells you, how to reach a particular outcome, given these limited resources. Hence, economics is neutral among means.

Explanation:

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Answer 2

Answer:

Economics essentially is the science of scarcity. Given that men have unlimited wants, but the resources available on earth are limited, economics essentially tells you, how to reach a particular outcome, given these limited resources.Hence, economics is neutral among means.