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Earn +20 ptsQ: What does the study of economics include?
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Why is it necessary to study economics?
Because Economics is a Study of Body of Knowledge.
What is the study of economics an important exercise?
why is the study of economics an important exercise
What concepts should be remembered to understand why economics as a field of study exists?
The concepts that should be remembered to understand why economics as a field of study exists include production, demand and supply, economic system, the role of the government, and business cycles.
How does the study of economics depend upon the phenomenon of scarcity?
Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi
Is study of economics necessary in a situation of abundant resources?
is the study of Economics necessary in a situation of abundant
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