Final answer:
Economics study of scarcity's impact on decision-making by businesses, industries & governments.
Explanation:
Economics is the study of how humans make decisions in the face of scarcity. Scarcity means that human wants for goods, services, and resources exceed what is available. Resources like labor, tools, land, and raw materials are limited, forcing businesses, industries, and governments to make decisions on what to produce and how to produce it.
Learn more about Scarcity and Decision-Making here:
https://brainly.com/question/30283835
