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| 1. |
State the importance of economics |
| Answer» ganduuuu<br>Economics\xa0is the\xa0important\xa0you get to know how societies, governments, businesses, households, and individuals allocate their scarce resources. The\xa0economics\xa0can also provide valuable knowledge for making decisions in everyday life.\xa0Economics\xa0is concerned with the optimal distribution of resources in society.\xa0Economics\xa0is\xa0important\xa0for many areas of society. It can help improve living standards and make society a better place.\xa0Economics\xa0is like science in that it can be used to improve living standards and also to make things worse. It partly depends on the priorities of society and what we consider most\xa0important. | |