yburecarbutterfly yburecarbutterfly
  • 07-01-2024
  • Social Studies
contestada

How do you define economics?

Respuesta :

jaanyasharma
jaanyasharma jaanyasharma
  • 07-01-2024

Answer:

Business

Explanation:

In simple terms, economics is the study of how people, businesses, and

governments make choices about using limited resources to fulfill their wants and needs. It looks at how

individuals and organizations

interact in markets to trade goods and services.

Economics also examines how goods and services are produced, how income is distributed, and how people consume these goods and services.

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