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The main objective in the study of economics is to understand how individuals, businesses, and governments make choices about how to allocate resources to satisfy their needs and wants.

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5mo ago

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What is the primary objective of economics?

to study hw people make choices with limited resources


Is it important to study economics as a business student?

yes, it is important to learn economics because it is also one of the main subjects as well


What does the study of economics include?

Economics is the study of wealth and its distribution.


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


Does a descriptive study have a hypothesis?

It depends on the objective of the study,if the objective of the study is merely to describe the variables then writting of hypothesis not needed.If the the objective or purpose to find the association or relationship among the variables observed,hypothesis must be stated.Hypothesis are the main stay in research,which translates problem statement in to testable outcome.


What is study of economics called?

It is called economics


What the study of how wealth is created and distributed?

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How long have we had the study of economics?

but the study of economics dates back only a few hundred years.


How schould my study in economics?

In economics you will study how to work in the financial districts and learn how to manage money.


How does the study of economics depend upon the phenomenon of scarcity?

Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi


Is study of economics necessary in a situation of abundant resources?

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