Social Sciences, asked by MOHODKEDIJA2018, 4 months ago

Explain why economics deals with efficient utilization of scarce resources.

Answers

Answered by varsha85733

1

Explanation:

Economics is itself the study the allocation of the resources and as the humans have the infinite demands but have very limited resources thus in order to satisfy themselves economist devise the efficient and effective methods to optimize and use these scarce resources and as scarcity refers to the gap and the limit in.

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