QUESTION IMAGE
Question
question 1
economics is the study of how people
○ make money.
○ run a business.
○ invest.
○ make choices using limited resources.
Brief Explanations
Economics is centered around the concept of scarcity. Since resources are limited, people must make choices. Making money, running a business, and investing are all subsets or aspects that fall under the broader umbrella of making choices with limited resources.
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make choices using limited resources.