__________ is the study of how society chooses to employ resources to produce goods and services and distribute them for consumption among various competing groups and individuals.

Question

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Economics is the study of how society chooses to allocate scarce resources to produce commodities and services and distribute them for consumption among various groups and individuals. It involves analyzing the production, distribution, and consumption of goods and services. Business and management are more focused on specific organizational aspects, while statistics primarily deals with data analysis.

__________ Is the Study of How Society Chooses to Employ