Question
When a parent tells you not to study economics because it is a pointless discipline, why is he or she incorrect?'?
Asked by: USER4459
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114 Answers
Answer (114)
The answer is "There are not enough
resources to produce all the goods and services that are wanted and needed."
There are insufficient assets to create all the goods and services that are needed and required. Economics is the investigation of how social orders, governments, organizations, families, and people assign their rare assets.
There are insufficient assets to create all the goods and services that are needed and required. Economics is the investigation of how social orders, governments, organizations, families, and people assign their rare assets.