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What is economy

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What is economy

Posted by Kanak Bhatt 5 years, 1 month ago

CBSE > Class 11 > Business Studies

3 answers

Harshita Dhariwal 5 years ago

It is the study of how society uses its limited resources...

Mamta ... 5 years, 1 month ago

the state of a country or region in terms of the production and consumption of goods and services and the supply of money.

Yogita Ingle 5 years, 1 month ago

Economics is a science that studies human behavior which aims at allocation of scarce resources in such a way that consumer can maximise their satisfaction, producers can maximise their profits and society can maximise its social welfare. It is about making choice in the presence of scarcity.

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