Answer: Economics affects our daily lives in both obvious and subtle ways. From an individual perspective, economics frames many choices we have to make about work, leisure, consumption and how much to save. Our lives are also influenced by macro-economic trends, such as inflation, interest rates and economic growth
Explanation:
Imagine that the arable land is scarce then people will compete for land in competition will be big this means that it is more likely to be able to find smaller pieces of land for it is likely that the size of the House and farms will be small
