Social Sciences, asked by Anonymous, 3 months ago

what is economic
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Answers

Answered by manshikakokarde
4

Answer:

Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services.

Answered by Anonymous
24

Answer:

Economics is the study of how humans make decisions in the face of scarcity. ... Scarcity means that human wants for goods, services and resources exceed what is available. Resources, such as labor, tools, land, and raw materials are necessary to produce the goods and services we want but they exist in limited supply.

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