Economics can best be described as the study of: how to increase the level of productive resources
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how to increase the level of productive resources so there is maximum output in society.
how to use productive resources to maximize income level.
how people, institutions, and society make choices under conditions of scarcity.
how business structures influence the allocation of income among firms.
Related Book For
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor-Proell, Robert Libby, Patricia Libby
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