3 years ago

What is the main focus of economics?

Social Studies

2 answers:

frosja888 [35]3 years ago

8 0

Resource allocation is the main focus of economics.

<u>Explanation: </u>

Man’s needs and wants are unlimited but the availability of resources are limited and also due to the uneven distribution of the same economics has evolved into a branch of study consisting of ideas, theories and explanations about resource allocation.

Had there been equal access to resources to all the people, there wouldn’t have been a branch of study called economics. It can be studied at a micro level i.e., at the level of an individual and at a macro level i.e., at the level of group.

svetoff [14.1K]3 years ago

3 0

Economics focuses more on interactions/marketing/ those type of focus

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