Question

What is one main objective in the study of economics? recognizing the types of services available to everyone recognizing the relationship between producers and consumers recognizing the reasons why consumers supply services recognizing the difference between producers and consumersWhat is one reason why the government would provide financial assistance to an entrepreneur? A.to decrease the high rate of failure of new businesses B.to encourage the invention and development of products C.to stimulate the economy while decreasing unemployment D.to limit the amount of personal funds used to start the business

Answer 1

The study of economics primarily seeks to understand the relationship between producers and consumers in the face of scarcity. Economics is pivotal for addressing global challenges, fostering citizenship, and enhancing critical thinking. Governments often provide financial assistance to entrepreneurs to encourage product invention and development, aiming to stimulate economic growth.

Step-by-step explanation:

Objectives in the Study of Economics

One main objective in the study of economics is to recognize the relationship between producers and consumers. Economics aims to address the problem of scarcity, which arises when the demand for goods and services exceeds their supply. This field of study involves understanding how a modern economy operates with a division of labor, where people earn income through specialization and use that income to purchase what they need or desire. By focusing on economic principles, individuals learn to engage with and comprehend major global challenges, contribute to society as informed citizens, and develop critical thinking skills.

Government Financial Assistance to Entrepreneurs

One reason why the government might provide financial assistance to an entrepreneur is B. to encourage the invention and development of products. Such support can stimulate innovation, economic growth, and job creation. Governments may offer financial help to reduce the inherent risks associated with starting new ventures, thereby promoting a more vibrant and diverse market.