Question #47269
"Economics is a science of choice"- Explain
Expert's answer
Economics is a science which studies human behavior as a relationship between desire and scarce means. So, it is based on making choices.
All resources have alternative uses and can be combined in various proportions. So, it is necessary to make a choice about the most efficient allocation of resources.
All resources have alternative uses and can be combined in various proportions. So, it is necessary to make a choice about the most efficient allocation of resources.
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