Question

Economics is the study of the optimum utilization of the scare resources. explain​

Answer 1

Answer:

Economics is the study of the allocation of scarce resources. We have infinite desires and wants and only some limited amount of resources to satisfy them. We therefore wish to optimise the production from those scarce resources. ... At which point we need to know which resources are scarce of course .

Answer 2

$\huge \color{cyan} \boxed{ \colorbox{black}{AnsWer♡}}$

Economics is the study of the allocation of scarce resources. We have infinite desires and wants and only some limited amount of resources to satisfy them. We therefore wish to optimise the production from those scarce resources. ... At which point we need to know which resources are scarce of course.