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maksim [4K]
2 years ago
9

Explain way economic deals with allocation and efficient utilization of scarce resources only?

Business
1 answer:
solniwko [45]2 years ago
3 0

Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature. Hence, to utilize the resources in the optimum possible way and meet the demands of humans, the economy allocates scarce resources.

<h3>How Microeconomics allocates scarce resources?</h3>

Microeconomics analyses how scarce resources are allotted efficaciously to the production of products and services. It facilitates in resolving the critical financial issues of the economic system at an individual level.

Thus, in this manner, Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature.

learn more about allocation of scarce resources:

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Norma-Jean [14]

Answer:

The correct answer is letter "D": Net pay because it takes into account any deductions to you income.

Explanation:

Individuals' budgets must be based on their <em>net income</em>. <em>Calculating their net income implies subtracting federal taxes from the gross income of employees' pay stubs</em>. The amount represents the money that will be sent to the workers' bank account or their checks which means that amount is what they will have in their pockets.

5 0
3 years ago
Which of the following factors is unique to B2B buying and is not typically found in B2C buying?
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There are limited number of large buyers, often geographically

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3 years ago
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Answer:

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8 0
3 years ago
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Fantom [35]

Answer:

A

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5 0
4 years ago
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