Question

what is called economics​

Answer 1

Answer:

Economics can be defined in a few different ways. It's the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making. It often involves topics like wealth and finance, but it's not all about money.

Answer 2

The study of principles of the way money, business and industry are organised.

Economics is a social science that studies how people interact with value, in particular, the production, distribution, and cons goods and services. Economy focuses on the behaviour of interaction of economic agents and how economics work.

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