Economy, asked by lakshay4281, 11 months ago

Why we study economics ​

Answers

Answered by merielalex
5

Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Behind this definition are two key ideas in economics: that goods are scarce and that society must use its resources efficiently

Explanation:


lakshay4281: please answer it in simple words
lakshay4281: According to class 11th
merielalex: as we study economics because we have to be valuable for our society
merielalex: plz mark as brain;liest
Similar questions