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Economic efficiency describes how well a system generates desired output.
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Which definitions does not describe economics?
"Economics is the study of how people relate to each other" is a statement that does not define economics.
What does the study of economics include?
Economics is the study of wealth and its distribution.
Which statement would best complete a short definition of economics ''Economics is the study of .........''?
The efficient use of scarce productive resources.
Why is it necessary to study economics?
Because Economics is a Study of Body of Knowledge.
What is the study of economics an important exercise?
why is the study of economics an important exercise
Which definitions does not describe economics?
"Economics is the study of how people relate to each other" is a statement that does not define economics.
What does the study of economics include?
Economics is the study of wealth and its distribution.
Which statement would best complete a short definition of economics ''Economics is the study of .........''?
The efficient use of scarce productive resources.
Economics can best be described as the study of?
Economics is described as the study of production, distribution, and consumption of goods an services, along with the transfer of wealth.
How best to define economics summarized?
study island: the study of systems of production, resources, and distribution of goods and services
Why is it necessary to study economics?
Because Economics is a Study of Body of Knowledge.
What is the study of economics an important exercise?
why is the study of economics an important exercise
What is study of economics called?
It is called economics
How can studying economics help us make better choices about how to use scarce resources?
The study of economics is essentially the study of how to intelligently distribute limited resources in order to best satisfy unlimited wants.
What is the best description of macroeconomics?
The study of economics from a broad perspective of the resources and factors of production in an economy
What the study of how wealth is created and distributed?
Economics
How schould my study in economics?
In economics you will study how to work in the financial districts and learn how to manage money.
