The study of how people seek to satisfy their needs and wants by making choices is known as economics. Economics is a social science that analyzes the production, distribution, and consumption of goods and services. It examines how individuals, businesses, and governments allocate resources to achieve their desired outcomes. By studying economics, we can better understand the decision-making processes that drive our economy.
Economic
economics
Economics.
Economics/bugeting
Scarcity of resources forces people to make choices between a number of options available to us everyday. People are forced to chose which of their needs & wants they want to satisfy and which desires will they leave.
Economic
economics
Economics.
People satisfy their wants and needs by making choices on how to allocate their limited resources such as time, money, and energy. This involves prioritizing between different needs and wants, budgeting resources efficiently, and making trade-offs to maximize satisfaction. By managing their resources wisely, individuals can work towards fulfilling their needs and achieving their desired outcomes.
Economics/bugeting
Scarcity of resources forces people to make choices between a number of options available to us everyday. People are forced to chose which of their needs & wants they want to satisfy and which desires will they leave.
People use the resources of the environment to satisfy their needs
Maker economy are free to undertake economic . free to make choices how to use resources to satisfy their needs.
how does entrepreneu satisfy community needs
Choices, scarcity, availability, wants, needs, cost,
social institutions
economics