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Zielflug [23.3K]
3 years ago
15

Which statement describes the term economics?

Mathematics
2 answers:
myrzilka [38]3 years ago
8 0

Answer:

The Meaning of term Economics, varies ,as different scholars have different views.

The Word Economics came into existence ,due to term economy .

Economy, is the word used for the system, in which goods are produced and interchanged with other goods.

Economics,word has different meaning, when you consider different systems

When you consider earth as a system,it is about using your resources in best possible way,without misusing it.

And,when you use the term Economics for a country, then it's meaning is how government uses it's goods produced as well as the resources it has , in single matchless way for the welfare of it's country People.

As, money came Latter,and resources that earth has is from the beginning when the earth was formed .

So, Option (A): It is the study of using limited resources to fulfill wants and needs.

TiliK225 [7]3 years ago
5 0
C is the right answer
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