what is one purpose of studying economics?\no to understand the reasons why people purchase certain goods\no…
what is one purpose of studying economics?\no to understand the reasons why people purchase certain goods\no to find reasons why some resources become scarce\no to determine the principles that explain why consumers buy services\no to examine principles that influence the production of goods and services
Answer
Brief Explanations:
Economics studies how societies allocate scarce resources. It examines principles related to production, consumption, and distribution of goods and services. While understanding consumer - buying behavior (options 1 and 3) and resource scarcity (option 2) are parts of it, the overarching purpose is to study production - related principles.
Answer:
to examine principles that influence the production of goods and services