Economics is generally concerned with
A)the operation of banks and the stock market.
B)business management.
C)how resources are allocated among alternative goals.
D)the right time to start a business.

Question

Quizplus · Accepted Answer

The field of economics is primarily concerned with how scarce resources are allocated among various competing needs and wants. While economics may overlap with business management or financial markets, its focus is on the broader issue of resource allocation. The timing of starting a business would fall more within the realm of entrepreneurship or business strategy, rather than economics.

Economics Is Generally Concerned with