Answered

Economics is BEST defined as:

A. the study of living things and their vital processes
B. the study of the development, structure, and functioning of human society
C. the study of how individuals, businesses, and governments make decisions about the allocation of scarce resources
D. the study of places and the relationships between people and their environments



Answer :

GinnyAnswer

Final answer:

Economics is the study of how individuals make choices in situations where resources are limited.


Explanation:

Economics is the study of how humans make decisions in the face of scarcity. This can involve individual, family, business, or societal decisions. Scarcity is a fundamental concept in economics, highlighting that resources are limited relative to human wants and needs.


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