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5 October, 04:25

Economics is the study of how society __?

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  1. 5 October, 04:41
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    Answer: manages its unlimited wants and limited resources
  2. 5 October, 04:45
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    Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people

    A bit more info: Behind this definition are two key ideas in economics: that goods are scarce and that society must use its resources efficiently.
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