how society manages its unlimited resources
how to reduce our wants until we are satisfied
how society manages its scarce resources
how to fully satisfy our unlimited wants
✅ The correct answer is C.
Economics is the study of how society manages its scarce resources. Resources are scarce in that we have fewer resources than we wish. Economists study how people make decisions about buying and selling, and saving and investing.
Economics is the study of how society manages its scarce resources. Resources are scarce in that we have fewer resources than we wish. Economists study how people make decisions about buying and selling, and saving and investing.