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.
Learning Objectives
- Recognize the strategic responses to social, political, and economic challenges in the business environment.
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