Economics is the study of what?
(A) the production, distribution, and consumption of goods and services.
(B) the supply and demand of products in capitalism.
(C) the change from the barter system to the money system.
(D) the difference between capitalist, communist, and socialist states.
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the supply and demand of product in capitalism
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A From the term Economics, 'eco' means home and 'nomos' means accounts, such that, it is the study of production, distribution and consumption of goods and services.
Production deals with producing goods to satisfy the human needs & consumption talks about how to use that produced goods .
Distribution deals with how the income that is obtained from the goods produced is distributed .
Economics focus on how to use these limited resources effectively .
Thus, it delas with variety of choices available to humans.
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