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why do we economic study? |
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Answer» Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Behind this definition are two key ideas in economics: that goods are scarce and that society must use its resources efficiently. Economic us concerned with the study and solution of economic problems in a manner such that the individuals can maximize their gains and the society as whole is able to maximise its social welfare tell me answer |
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