ENTREPRENEURSHIP

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 a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.

Detailed explanation-3: -Economics is the social science that analyzes the production, distribution, and consumption of goods and services.

Detailed explanation-4: -Economics is a social science-it deals with the behavior of individuals as they satisfy unlimited and competing wants through careful use of scarce resources.

Detailed explanation-5: -Intermediate goods are products that are used in the production process to make other goods, which are ultimately sold to consumers. The intermediate goods are sold industry-to-industry for resale or to produce other products.