Ask Question
8 May, 03:38

Economics is best defined as the study of A. how the government runs the financial system. B. how people allocate limited resources to satisfy unlimited wants. C. financial markets and making money. D. how to budget personal income.

+1
Answers (1)
  1. 8 May, 05:22
    0
    Answer: How people allocate limited resources to satisfy unlimited wants.

    Explanation:

    Economics explains that man's needs are insatiable (this means it can't be completely met), and therefore an individual/entity has to make a scale of preference, to determine the most pressing needs to be met and forgo the others. Economics teaches Individuals on how to allocate resources to where they are most needed.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Economics is best defined as the study of A. how the government runs the financial system. B. how people allocate limited resources to ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers