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prisoha [69]
3 years ago
15

What is economics and why is it important to study?

Social Studies
1 answer:
katovenus [111]3 years ago
8 0

Answer:

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Behind this definition are two key ideas in economics: that goods are scarce and that society must use its resources efficiently.

Explanation:

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