The study of economics is necessary mainly because of
...The study of economics is necessary mainly because of
Unemployment
Unlimited resources
Scarcity of resources
Overpopulation
Correct answer is C
Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people.
The elasticity of demand for a firm's product is 2. If the firm reduces its price by 20 percent...
A supply curve slopes upwards from the left to the right indicating_________ ...
The most common index used for measuring development is ...
In the long run, one of the characteristics of monopolistic competitive firms is that they ...