Question

Ill give brainliest and 25 points
write your best description of how you would define “Economics”.
Briefly discuss any “Economics” topics that you feel you are somewhat familiar with.
What economic or financial topics are you the most interested in learning about and why?
minimum 5 sentences

Answer 1

I define economics as the study of scarcity and choice
economics finds ways of reconciling unlimited wants with limited resources

Microeconomics studies how individual consumers and firms make decisions to allocate resources. Whether a single person, a household, or a business, economists may analyze how these entities respond to changes in price and why they demand what they do at particular price levels.