Is the study of how individuals and societies allocate scarce resources among many competing uses and how this decision-making affects the economy at large.

Question

16-08-2022
Business

contestada

Is the study of how individuals and societies allocate scarce resources among many competing uses and how this decision-making affects the economy at large.

Respuesta :

Otras preguntas

given: ABC is a right triangle with right angle C.(see the attachment for the rest)thank you

Please help :) A poll is taken at a concession stand to discover the customers’ favorite item to buy. The results are displayed in the table. This situation can

An older woman goes to the doctor for a checkup. Her blood pressure is 145/55 mmHg. Is this blood pressure high, low, etc.? Explain a possible diagnosis.

Identify the areas on the image where the force of repulsion is the least. ( more than one) GIVING BRAINLIEST!!!

General 'law' in ecology stating that population size (and growth) is limited by the resource that is least available relative to its demand. a. Lotka-Volterra

5. Which of the following statements most accurately differentiates potential and kinetic energy? A. Any object that has motion has kinetic energy, while any ob

22. In the morning, the fruit stand had some apples. Then 81 more appleswere delivered. Now there are 11 apples altogether. How many apples did thefruit stand h

i need help, please!!

Question 7 People who invest in a corporation by purchasing stock are known as ______________. A)shareholders. B)partners. C)owners. D)proprietors.

Two people start biking from the same point. One bikes east at 9 mph, the other south at 28 mph. What is the rate at which the distance between the two people i

ACCESS MORE

tutorconsortium203 tutorconsortium203 · Answer 1 · 2022-08-20T22:02:31+02:00

"Economics" is the study of how individuals and societies allocate scarce resources among many competing uses and how this decision-making affects the economy at large.

What is economics?

Economics is a social discipline that studies both production, distribution, & consumption of products and services, as well as the resource allocation decisions made by people, corporations, governments, and nations.

Some key features regarding the economics are-

Economics is the study of how individuals, both individually and collectively, allocate scarce produce, distribution, and consumption.
Microeconomics and macroeconomics are the two branches of economics.
Economics is concerned with the efficiency of production and exchange.
The GDP and the Consumer Price Index (CPI) is two extensively used economic statistics.
Microeconomics studies individual and corporate decisions, whereas macroeconomics studies the impact of economic growth in its entirety on an aggregate basis.

To know more about economics, here

https://brainly.com/question/1106682

#SPJ4