Economics is all about
aHow to make choice in the presence of scarcity
b.
How to manage unlimited resources
c.
How to maximize profits
d.
How to reduce limited wants
Answers
Answer:
b. how to manage unlimited resources.
Answer:
ANSWER
Economics is the study of how an effective relationship is set between the scarce resources and unlimited wants in the economy in order to generate wealth in the economy with social welfare. It aims at efficient allocation of all scarce resources in the economy for the production of goods and services in the economy for the satisfaction of all human wants.
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