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28-11-2019
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Economics is best defined as the study of_______.
A. financial markets and making money.
B. how people allocate limited resources to satisfy unlimited wants.
C. how to budget personal income.
D. how the government runs the financial system.

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ewomazinoade ewomazinoade

29-11-2019

Answer:

B. how people allocate limited resources to satisfy unlimited wants.

Explanation:

Lord Robbins in 1932 defined economics as the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.

Economics studies how people allocate limited resources to satisfy unlimited wants.

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