Economics is a social science that focuses on

Question

Camron Duran

Chemistry

12 February, 07:18

Economics is a social science that focuses on

+5

Answers (1)

Know the Answer?

Kenny Mathews · Answer 1

Economics is a social science that focuses on the study of human activity and behavior and its relationship with the administration of the processes of extraction, production, exchange, distribution and consumption of goods and services.

Explanation:

Economics is a social science that studies the processes of extraction, production, exchange, distribution and consumption of goods and services. In other words, economics is a social science that studies how to manage the resources available to meet human needs, also studying the behavior and actions of human beings, their interaction with certain events and the effect they produce on their environment.

In this way the economy tells us how societies use scarce resources to produce goods with value, and how they make the distribution of wealth among individuals.

In summary, economics is a social science that focuses on the study of human activity and behavior and its relationship with the administration of the processes of extraction, production, exchange, distribution and consumption of goods and services.