___________________is the process of identifying how scarce resources are to be apportioned such that the wants and needs of individuals in society are addressed.
Economics is the study of how individuals and societies choose to allocate scarce resources, why they choose to allocate them that way, and the consequences of those decisions. Scarcity is sometimes considered the basic problem of economics.
Answers & Comments
Answer:
economic
Explanation:
Economics is the study of how individuals and societies choose to allocate scarce resources, why they choose to allocate them that way, and the consequences of those decisions. Scarcity is sometimes considered the basic problem of economics.