Asked by Reginald Heard Jr. on Sep 26, 2024

____ is the study of how scarce resources are used to create wealth and how that wealth is distributed.

A) Economics
B) Management
C) Sociology
D) Finance
E) Ecology

Scarce Resources

Assets, materials, or commodities that are limited in availability and are considered valuable due to their rarity.

Economics

the social science that studies how goods and services are produced, distributed, and consumed.

Wealth Distribution

Wealth distribution describes how wealth is spread across different individuals or groups within a society, often highlighting disparities between rich and poor.

  • Recognize the strategic responses to social, political, and economic challenges in the business environment.