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Rashid [163]
3 years ago
15

Why are economists important?

Social Studies
1 answer:
Reika [66]3 years ago
3 0

Answer:

Economists are important because they study a certain resource and figure out how to distribute it to others to get as well.

Explanation:

For example, An Economist might be studying a very scarce resource. This resource is something that is needed in everyday life. What an economist will do is find a way to make sure this resource is available to everyone. They could so this by creating another version of it or a different kind of it to distribute. Then they are helping the economy.

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Answer:

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Explanation:

In 1776, the Scottish economist and philosopher also known as the father of economics, suggested that price was better left to produce better market results than the intervention of guilds.

He was of the opinion that price control and regulations by guilds were disruptions to market play and would not be as efficient as allowing price be determined by the market(buyers and sellers). Adam was a pioneer of the free market economic theory.

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