The study of economics is necessary mainly because of?

By: |Published on: Oct 20|Categories: Economics JAMB| 0 comments

A. Unemployment
B. Unlimited resources
C. Scarcity of resources
D. Overpopulation

Correct Answer:

Option C – Scarcity of resources

Explanation

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people.

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