Question

what do you mean by science of choice​

Answer 1

Economics is the Science of Choice.Economics is the scientific study of how people and institutions make decisions about producing and consuming goods and services and how they face the problem of scarcity. It is essentially a study of the ways in which human kind provides for its well-being.

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Answer 2

Economics is a science of choice because it helps in effective and efficient utilization of the scarce resources. Economics teach us that how the resources can be economically utilized and how that utilization does not harm other member of the societies.

Explanation:

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