Economics is defined as the study of how scarce resources are combined to meet the needs of people in a society of unlimited wants.

Name: Economics is defined as the study of how scarce resources are combined to meet the needs of people in a society of unlimited wants.
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

Economics is indeed defined as the study of how individuals, businesses, governments, and societies make choices on allocating scarce resources to satisfy their unlimited wants.

Economics Is Defined as the Study of How Scarce Resources