Economics would be irrelevant if resources were unlimited and could satisfy all human wants without any trade-offs. In such a scenario, there would be no need for allocation, prioritization, or decision-making regarding resource use. Additionally, if human needs and preferences were static and predictable, the complexities of economic analysis would diminish, rendering the field unnecessary.
How a society produces thing to meet their needs from available resources and how society allocate those resources among members of society based upon the contribution made and other factors. Clearer question: better answer.
Pure Economics addresses this question.
The basic economic question faced by all economists: How to satisfy unlimited needs and wants, when resources are limited.
no no yes
Applied Economics A+
How a society produces thing to meet their needs from available resources and how society allocate those resources among members of society based upon the contribution made and other factors. Clearer question: better answer.
Pure Economics addresses this question.
The basic economic question faced by all economists: How to satisfy unlimited needs and wants, when resources are limited.
no no yes
Economics is academic subject,question you asked is irrelavant or not completly asked.
Applied Economics A+
What is the study of production, consumption, and transfer of wealth? The answer would be economics.
A Question of Principle - 1922 is rated/received certificates of: UK:U
economics
Economics is a very interesting subject, and a large issue connecting the entire globe. An interesting question for this job relating to economics might be "What types of things would a person learn in a college Economics course?"
please answer the question..
Economic ethics addresses the question, What ought to be?