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2 July, 15:58

Economics is the study of how people try to satisfy unlimited wants and needs with limited resources.

Question 6 options:

True

False

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  1. 2 July, 16:14
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    Answer: The correct answer is : True

    Explanation: Economics focuses on the study of how people use limited resources to meet unlimited needs and desires. Economic decisions are made by people who compete for profits that are based on offers and demands. The economy studies how to manage available resources.
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