Question

explain the term economics

Answer 1

Answer:

Economics ( / ˌiːkəˈnɒmɪks, ˌɛkə -/) is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.

Explanation:

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Answer 2

Economics is a social science concerned with the protection, distribution and consumption of goods and services. It studies how individuals , business, governments and nations make choice about how to allocate resources.