Economics is the study of the choices people make in an effort to satisfy their needs and wants. please select the best answer from the choices provided t f

Economics is the field of study that focuses on how individuals or groups of people meet their own wants based on their own decisions. Economics discusses the steps involved in processing, shipping, and distributing commodities and services to final users or clients.

Thus, the statement is True.

What distinguishes the micro from the macro economies?

Microeconomics and macroeconomics are the two subcategories of economics. While macroeconomics examines the actions of nations and governments, microeconomics is the study of people and company decisions. Despite their apparent differences, these two areas of economics are in fact interrelated and beneficial to one another.

There are numerous topics that are covered in both areas. At the same time, macroeconomics examines choices made by nations and governments, and microeconomics analyses individual and company decisions. Macroeconomics employs a top-down perspective to discuss the economy as a whole in an effort to ascertain its nature and future trajectory.

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