ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Making choices and satisfying the wants and needs of consumers.
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goods
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services
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economics
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stock market
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Explanation:
Detailed explanation-1: -Economics is the study of how people seek to satisfy their needs and wants by making choices.
Detailed explanation-2: -A market economy is a type of economic system where supply and demand regulate the economy, rather than government intervention.
Detailed explanation-3: -Economists assume that individuals make choices that seek to maximize the value of some objective, and that they define their objectives in terms of their own self-interest. Individuals maximize by deciding whether to do a little more or a little less of something.
Detailed explanation-4: -The theory of consumer choice is the branch of microeconomics that relates preferences to consumption expenditures and to consumer demand curves.
There is 1 question to complete.