Economics is the study of

Question

Quizplus · Accepted Answer

Economics is the study of how people allocate their limited resources (such as time, money, and energy) to satisfy their unlimited wants and needs. It is concerned with the production, distribution, and consumption of goods and services within an economy. Getting rich or spending income is only a small part of the overall study of economics, which is focused on the bigger picture of how societies function economically. Wanting certain goods and services falls under the branch of study called consumer behavior, which is related to economics but not the same thing.

Economics Is the Study of