Question

what do you understand by studying Economic??​

Answer 1

Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Behind this definition are two key ideas in economics: that goods are scarce and that society must use its resources efficiently.

Explanation:

hope This Will Help You Mate……

mark Me As Brainliest…

Answer 2

DescriptionEconomics is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work