economics is the study of choice under conditions of scarcity. as individuals, and as a society, we have unlimited desires for goods and services. unfortunately, the resources needed to produce those goods and services are scarce. therefore, we must choose which desires to satisfy and how to satisfy them. economics provides the tools that explain those choices question 5 options: argument nonargument.

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10-12-2022
Business

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economics is the study of choice under conditions of scarcity. as individuals, and as a society, we have unlimited desires for goods and services. unfortunately, the resources needed to produce those goods and services are scarce. therefore, we must choose which desires to satisfy and how to satisfy them. economics provides the tools that explain those choices question 5 options: argument nonargument.

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jaiswaljyoti jaiswaljyoti · Answer 1 · 2022-12-19T11:32:13+01:00

Economics is the study of scarcity and how it affects how resources are used, how commodities and services are produced, how production and welfare increase over time, and a wide range of other complicated concerns that are extremely important to society.

The social science of economics focuses on the analysis of resource scarcity. It examines variables that have an impact on how products and services are produced, distributed, and consumed in an economy. It investigates how people, organizations, and governments distribute limited resources.

People who study economics are better able to comprehend their surroundings. It makes it possible for people to comprehend other people, organizations, markets, and governments, enabling them to better react to the challenges and possibilities that arise when circumstances change.

Learn more about economics here brainly.com/question/14787713

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