Answers

2016-06-21T09:21:19+08:00
I would suggest the main importance of economics is helping society decide on the optimal allocation of our limited resources. The fundamental problem of economic is said to be scarcity - the idea that wants (demand) is greater than the resources we have. Frequently we face choices on:What to produceHow to produceFor whom to ProduceEconomics helps to decide on questions like this. More specifically economics is important in these areas.
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