The study of how society employs resources to produce goods and services and distribute them for consumption among various competing groups and individuals is known as:

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The study of how society employs resources to produce goods and services and distribute them for consumption among various competing groups and individuals is the definition of economics. Marketing focuses on identifying and satisfying consumer needs, finance deals with management of money and investments, and human resource management deals with the recruitment, training, and management of employees within an organization.

The Study of How Society Employs Resources to Produce Goods