Economics is the study of how:

Question

Quizplus · Accepted Answer

Economics is the study of how resources are used to produce goods and services and how they are distributed among competing groups and individuals. It is concerned with analyzing the behavior and decision-making of producers, consumers, and governments in a market economy. The stock market is just one aspect of economics and not the main focus of the discipline. Economics does use statistical techniques, but it is not just about predicting the future of society. Lastly, economics is not directly related to how people govern themselves in a democratic society, though it may have implications for public policy and government decision-making.

Economics Is the Study of How