Question

what is economics? Why study economics ?


class 11​

Answer 1

Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. ... The ultimate goal of economic science is to improve the living conditions of people in their everyday lives. Increasing the gross domestic product is not just a numbers game.

Explanation:

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Answer 2

Answer:

Answer:Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. ... The ultimate goal of economic science is to improve the living conditions of people in their everyday lives. Increasing the gross domestic product is not just a numbers game.

Answer:Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. ... The ultimate goal of economic science is to improve the living conditions of people in their everyday lives. Increasing the gross domestic product is not just a numbers game.Explanation:

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