________ is the study of how a society employs its limited resources to produce goods and services and how it distributes them among competing groups and individuals.
A) Economics
B) Capitalism
C) Marketing
D) Socialism

Question

Quizplus · Accepted Answer

Economics is the field of study concerned with the production, distribution, and consumption of goods and services. It examines how societies allocate their scarce resources to meet the needs of individuals and groups, and how they determine the prices of goods and services. It also explores how individuals and organizations interact in markets and how government policies can influence economic outcomes. Capitalism and socialism are two economic systems that reflect different approaches to resource allocation and distribution, while marketing is a business function concerned with promoting and selling products and services.

________ Is the Study of How a Society Employs Its