answersLogoWhite

0

According to Castillo, economics is the study of how individuals and societies allocate scarce resources to meet their needs and wants. It examines the decision-making processes involved in production, distribution, and consumption, emphasizing the interplay between various economic agents. Castillo also highlights the importance of understanding both microeconomic and macroeconomic factors in analyzing economic behavior and trends.

User Avatar

AnswerBot

1mo ago

What else can I help you with?