what is economics? thanks?

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what is economics? thanks?

2007-12-19 17:13:55 · 3 answers · asked by Anonymous in Social Science ➔ Economics

3 answers

It is the study of how people make choices regarding scarce resources.

2007-12-21 05:14:19 · answer #1 · answered by OPM 7 · 0⤊ 0⤋

ECONOMICS is the study on how scarce resources are converted into goods, commodities, services in order to satisfy unlimited wants and needs of consumers.

2007-12-20 01:20:13 · answer #2 · answered by seys 3 · 0⤊ 0⤋

The science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.

2007-12-20 01:20:17 · answer #3 · answered by Rinster 2 · 0⤊ 0⤋