Economy, asked by syedabutalhahus7194, 1 year ago

Write the features of wealth, welfare,scarcity,criticism,and growth definitions of economics

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Answered by dhaswinkavingmailcom
2

Answer:

Economics is the science that deals with production, exchange and consumption of various commodities in economic systems. It shows how scarce resources can be used to increase wealth and human welfare. ... They are: i) the existence of unlimited human wants and ii) the scarcity of available resources.

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