What according to you is Economics? Explain with an example.
Answers
Answered by
0
Explanation:
According to me, economics is the study through we are able to know how we can use the resources to fulfill the requirements of a particular person or society which are available in less quantity but
they have alternative uses.
For example- We can use the forest as per our requirements which are available in less quantity in regulatory form by
the help of study of economics.
mark my answer as brain list answer.
Answered by
0
Answer: economics is the optimum use of resources in context with the need of their needs
Example: person A has $10 and person B has same amount. but A uses his money to buy groceries and B uses his money for entertainment. none of them is wrong as they bought things according to their requirement
Similar questions