Question

Explain with example the importance of the study of economic​

Answer 1

Answer:

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

Answer 2

$\color{red}\huge{\underline{\underline{\mathfrak{Answer}}}}$

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