Economics is the study of how society __________.

Answers

Answer 1
Answer:

The economy is the study of how society allocates scarce resources and goods.

economics can be defined as the science that studies "how a society is organized to produce its means of existence that, distributed among its members and consumed by them, allow society to produce them again and so on, thereby providing a constantly renewed form, the material basis for the whole reproduction of society over time ยป.

Answer 2
Answer:

Final answer:

Economics studies how society makes decisions on the allocation of resources to satisfy unlimited needs and wants. It discusses topics such as production, consumption, and wealth distribution.

Explanation:

Economics is the study of how society allocates limited resources to meet unlimited needs and wants. In other words, economics examines how people use resources like time, money, and materials in order to maximize their satisfaction. It focuses on topics like wealth and income creation, consumption, production, and distribution. Through the lens of economics, we gain a better understanding of societal decision making and its implications.

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Related Questions

This passage describes the early years of the Columbian Exchange. Based on this passage, why did many indigenous inhabitants of the New World adopt the view that interaction with European settlers was harmful to their societies? Just twenty years ago, the lands were filled with peoples from different nations, each with their own customs and tongues. Not a day went by without the assurance there would be plentiful land and an abundance of beasts in the forests for their peoples. Their villages and settlements were many, and their societies were rich and complex. Warriors, craftsmen, weavers, hunters, and dealers engaged in their everyday lives, bringing much good to their nations. But then the merchants from across the Great Sea started to come, and they brought with them a great many things never seen before on these shores. The inhabitants were glad at first to trade for these items they desired so greatly. But these brought only temporary benefits. For hidden in these goods was an invisible force, one that would affect every tribe in this great land. No person, regardless of stature, was spared. Children, mothers, and even chiefs were no match for this unseen warrior. In the span of only three generations, the majority of their villages disappeared, and the greatest lot of their peoples walked this land no more. A. The inhabitants of the New World were pressured to join military alliances with the European settlers. B. The European settlers used military force to compel the inhabitants of the New World to trade. C. The European settlers were hoarding goods produced by the New World inhabitants. D. The inhabitants of the New World had no resistance to new diseases brought by the Europeans.
Why did coins replace other mediums of exchange
Which one of the following required the majority of the electorate to take an oath before a state could be readmitted to the Union? Freedmen's Bureau Force Act Wade-Davis Bill
Which individual freedom is protected under the Constitution? A. freedom to speak about anything B. freedom to meet peacefully C. freedom from search and seizure D. freedom from being detained
A group of 300 Spartans held back Xerxes army for 3 days in which battle?

The Lapita had a very distinctive type of _____. A. pottery
B. sculpture
C. painting
D. ceramics

Answers

The correct answer is D. Ceramics

Explanation

The Lapita was a Prehistoric culture that lived in the Pacific Islands from 1600 BCE to 500 BCE. This culture is mainly known for being one of the first cultures in this area and also due to its elaborated ceramics. Indeed, people from this culture created ceramics with elaborated geometrical patterns and used complex techniques such as dentate stamps to crate either patterns or human-like or animal-like figures.

The Lapita had a very distinctive type of ceramics. 

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Which of the following cities experienced major race riots during the 1960s?

Answers

Los Angeles and Detroit experienced race riots during the 1960's following major events such as the assassination of Civil Rights leader, Martin Luther King Jr.
I'm pretty sure the answer is Detroit

Which methods of dealing with economic crisis that were established during the New Deal are still used today? Choose all answers that are correct. A. providing a job for every American citizen B. regulating the stock market C. paying pensions and benefits for the elderly, children, and the handicapped D. prohibiting any further immigration

Answers

"B. regulating the stock market" and "C. paying pensions and benefits for the elderly, children, and the handicapped" are still tactics that are used today. 

Answer:

B and C

Explanation:

just took k12 test

wait omg the question was so long ago...

Which description fits the terms primary, initiative, and referendum?a. Jim Crow laws designed by southern whites to keep blacks from voting
b. reforms supported by the Progressive movement to make the government more democratic
c. constitutional amendments proposed by Republicans to make elections more fair
d. laws supported by Democrats to expand voting rights to the poor and minorities

Answers

The description that best fits the terms primary, initiative, and referendum would be "b. reforms supported by the Progressive movement to make the government more democratic," since they allow for more immediate political action. 

Answer: Reforms supported by the Progressive movement to make the government more dramatic

PLEASE HELP Write a 100- to 175-word description of the impact ancient Greece and Rome had on technology and architecture. Be sure to include relevant details and examples in your response.

Answers

Greece and Rome had on technology and architecture. For example, architecture designs the building structure, and technology help complete construction work.

What is technology?

The term "technology" refers to the development of new things that make life easier for humans. Technology advances with the help of scientific solutions and industrial methods based on science. Technology is based on the invention of new objects and the innovation of new technologies and advanced methods.

In numerous ways, Ancient Greece and Rome influenced modern technology and architecture. The term architecture refers to a specific profession that involves design and construction work. The design and construction of a building or place to produce something new.

The technology was developed in this period and launched the machines to easily tackle the heavyweight, for the benefit of the time of construction.

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Answer:

Ancient Greece and Rome have affected modern technology and architecture in various ways. Many modern government buildings draw inspiration from ancient Greek and Roman structures. Several architectural designs, such as domes and columns, were first developed in Rome. The Romans also introduced us to concrete, which is a strong and durable building material.

The ancient Greek scientist Archimedes invented the lever. We still use this technological invention in construction to lift heavy weights. Archimedes also invented the odometer, which tracks traveling distance. The odometer is used in almost all modern vehicles today.

Explanation:

What change did the Mongolian leaders do to the China's government during the Yuan dynasty?. A They reduced the individual political power of the emperor. B They created a government based on Daoist ideas.
C They banned Chinese people from serving in government .
D They established serfdom as the foundation of China's economy

Answers

the one that the mongolian leaders do to china's government during the Yuan dynasty is : C. They banned Chinese people from serving in government
This will minimize the risk of revolt that potentially happen if the mongols give the Chinese people some amount of power in the government

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C. They banned Chinese people from serving in government .