English, asked by pahs212611859, 1 day ago

What is Economic ???
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Answers

Answered by sharmaraja44079
5

Answer:

Economics (/ˌiːkəˈnɒmɪks, ˌɛkə-/)[1][2][3] is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services.[4]

Explanation:

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Answered by anjalisharam99917
1

Answer

Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Wikipedia

Explanation

A standard definition of economics could describe it as: a social science directed at the satisfaction of needs and wants through the allocation of scarce resources which have alternative uses. We can go further to state that: economics is about the study of scarcity and choice.

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