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Please select the word from the list that best fits the definition

The study of the choices people make in an effort to satisfy their needs and wants.

2 Answers

3 votes

Answer:

economics

Step-by-step explanation:

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User Guy Danus
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3 votes

Answer:

The correct answer is : economics.

Step-by-step explanation:

People makes various choices in order to satisfy their needs and what they want such as buying services and goods to consume them. The study of choices people make to satisfy and fulfill their unlimited needs and wants is termed as Economics.

It is required to make choices as their is scarcity and limited amount of resources to satisfy everyone's need and wants thus, people need to make choices.

Thus, the correct answer is : economics.

User Amaury Medeiros
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