Question

explain the role of economics​

Answer 1

Answer:

Economics is the important you get to know how societies, governments, businesses, households, and individuals allocate their scarce resources. The economics can also provide valuable knowledge for making decisions in everyday life. Economics is concerned with the optimal distribution of resources in society.

Explanation:

hope it's will help u

Answer 2

Role Of Economics :-

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. ... The ultimate goal of economic science is to improve the living conditions of people in their everyday lives.