Question

what is meant by economics in 11th​

Answer 1

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HERE IS YOUR ANSWER:

Economics is a social science which deals with human behavior which aims at allocation of scarce resources in such a way that consumer can maximise their satisfaction, producers can maximise their profits and society can maximise its social welfare. It is about making choice in the presence of scarcity.

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Answer 2

The study or principles of the way money, business and industry are organized.❣❣❣

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