Get Economics Is The Study Of Wealth Stated By PNG. This assumption states that consumers act in a rational manner and focus on satisfying their needs. How do we produce all the things that we need?

Economics is the social science that analyzes the production, distribution, and consumption of goods and services1.

Economics is the social science that analyzes the production, distribution, and consumption of goods and services1. Economics is especially concerned with efficiency in production and exchange and uses models and assumptions to understand how to create incentives. Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively. Updated 4 years ago by powerup.