The allocation of limited resources within an environment of almost unlimited wants is the focus of
A) capitalism.
B) fiscal policy.
C) economics.
D) scarcity.
E) altruism.

Question

Quizplus · Accepted Answer

The definition given in the question is directly related to the field of economics, which studies how societies allocate scarce resources to satisfy their wants and needs. The other options are either economic concepts (capitalism, scarcity), specific government policies (fiscal policy), or a moral principle (altruism), that although they may have implications on resource allocation, are not the main focus of economic analysis.

The Allocation of Limited Resources Within an Environment of Almost