In December 2024
Answer to Question #194175 in Macroeconomics for Pandora Ditlhase
What is economics
Economics is the study of how humans make decisions in the face of scarcity. These decisions may include; individual decisions, family decisions, business decisions or societal decisions. Scarcity means that human wants for goods, services and resources exceed what is available. It can also be referred to as the study of how human being strive to achieve their unlimited wants using the limited/scarce resources.
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