Economics is the study of the efficient use of scarce resources to achieve maximum satisfaction of economic wants.

Name: Economics is the study of the efficient use of scarce resources to achieve maximum satisfaction of economic wants.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Economics focuses on how individuals and societies allocate limited resources to satisfy unlimited wants, aiming for optimal efficiency and satisfaction.

Economics Is the Study of the Efficient Use of Scarce