Question

What is economices?
What r the essential elements of economics?​

Answer 1

$\bf\red{What}$ $\bf\red{is}$ $\bf\red{economices?}$

$\huge\bold\green{{Aɴsᴡᴇʀ➠}}$ Economics is an important part of social science that studies economic activities of an indivisual as a part of society.

$\bf\red{What}$$\bf\red{are}$$\bf\red{the}$$\bf\red{essential}$$\bf\red{element{$$\bf\red{of}$$\bf\red{economics?}$

$\huge\bold\green{{Aɴsᴡᴇʀ➠}}$

Essential elements of economics are —

• Consumption.
• Production.
• Distribution.
• Exchange.

Answer 2

$\rm\underline\bold{Answer \purple{\huge{\checkmark}}}$

Economics is an important part of social science that studies economic activities of an indivisual as a part of society.