Discuss the nature and scope of economics​

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Answer 1

Answer:

Economics is defined as the social science that deals with the production, distribution, and consumption of goods and services. Evolved in the 19th century, the economic studies have become one of the most significant studies of modern days. From a small shop to a country, Economics plays a crucial role in the efficient running of both. No business can flourish without applying the principles of economics. The study of economics is extensive and varied. The nature and scope of economics depend upon the interaction of economic agents and how economies work. Let’s analyze the nature and scope of economics deeply.


Related Questions

Self-testing is an effective strategy to
A. review information you've already read.
B. prepare information you plan to read.
C. survey information you are about to read.
D. make a plan for how to read information.

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Answer:

A. review information you have already read

Answer:

A. review information you've already read.

Explanation:

You can use an analogy towards studying for example. You review the information you already used or have been taught previously, and test yourself again. Hope I helped!

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