Economics is the study of How people use their resources to satisfy their wants and needs Money and investment opportunities A Types of business organizations The production of goods and services

Question

Economics is the study of How people use their resources to satisfy their wants and needs Money and investment opportunities A Types of business organizations The production of goods and services

Answer 1

The correct answer is:**How people use their resources to satisfy their wants and needs**### Explanation:Economics is fundamentally the study of how individuals, businesses, governments, and societies allocate scarce resources to meet their unlimited wants and needs. It examines decision-making processes, trade-offs, and the efficient use of resources in production, distribution, and consumption. While money, investment opportunities, business organizations, and goods/services are related topics, they are subsets within the broader scope of economics.

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Economics is the study of How people use their resources to satisfy their wants and needs Money and investment opportunities A Types of business organizations The production of goods and services

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