Which of the following is the most accurate definition of economics?
A)the study of how humans use potentially scarce resources to meet demand
B)the study of tax laws,banking,and monetary policy
C)the study of environmental systems and their monetary value
D)the study of conversion of monetary units between nations
E)the study of making money,goods,and services

Question

Quizplus · Accepted Answer

Economics is the study of how humans use potentially scarce resources to meet demand. It focuses on the production, consumption, and distribution of goods and services. The aim is to understand how individuals, businesses, and governments make decisions that affect the allocation of resources.

Which of the Following Is the Most Accurate Definition of Economics