selects5661 selects5661
  • 23-01-2019
  • Social Studies
contestada

Why is economics called a study of scarcity and choice?

Respuesta :

mrsedlack
mrsedlack mrsedlack
  • 24-01-2019

Economics is the study of the creation, transfer, and consumption of wealth.

A key part of that is how consumers and producers choose to do what they do in a system with limited resources.

As a result, economics really is all about how people choose to do what they do when they have scarce resources.

Answer Link

Otras preguntas

Norms for routine or casual interaction are called
Plz help me with this math problem
A field trip is planned which is 10 2/9 miles from school. A wheel of the school bus is punctured after 5 3/7. How many miles are left to the field trip locatio
I need help with number four I am not understanding the question!
how to write this essay,
What is the term for the price that a car manufacturer recommends for a certain vehicle model?
Median of 67,76,82,84,87,93
Finding the value of X
Which of the following parts of the eye refract light to focus it in the retina
what is the pattern of 5,7,11,17,25 and the next number in the pattern?