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Vlada [557]
1 year ago
8

Economics is the study of how individuals and societies make choices under the condition of:.

Business
2 answers:
Lubov Fominskaja [6]1 year ago
7 0

Economics is the study of how individuals and societies make choices under the condition of scarcity.

<h3>What is economics?</h3>

The study of how individuals use resources and respond to incentives  by using it  in  decision-making is known as Economics. It is a vast study that helps us comprehend past trends, analyze current headlines, and forecast future events.

It signifies that the price of the product or service exceeds the supply of that product or service. As a result, scarcity might limit the options available to customers, who make up the economy in the end.

       

Individuals, organizations, and governments all use economics to understand their behaviors and decisions. It gives people a way to comprehend how people interact in a market-driven society and to analyze how government policies affect them.

Learn more about Economics, here:

brainly.com/question/14355320

#SPJ1

GenaCL600 [577]1 year ago
7 0

Answer:

ig Scarcity

Explanation:

Hope it Helps!!!

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c. $(143,000)

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