ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC SYSTEMS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Economics is
A
the study of how individuals and societies seek to satisfy needs and wants
B
is government that controls or dictates
C
also known as marketing
D
the central banking system of the United States
Explanation: 

Detailed explanation-1: -Economics is the study of how people seek to satisfy their needs and wants by making choices.

Detailed explanation-2: -Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively.

Detailed explanation-3: -On the surface, economics is the study of how individuals and societies strive to meet their material wants and needs.

There is 1 question to complete.