K kellykel New member Aug 19, 2009 #1 how can studying economics help us make better choices about how to use scarce resources?
A amusa New member Aug 19, 2009 #2 Economics helps us understand, analyze, and predict how people use scarce resources. With this knowledge we are better able to predict outcomes and therefore make better decisions in regards to the allocation and use of scarce resources.
Economics helps us understand, analyze, and predict how people use scarce resources. With this knowledge we are better able to predict outcomes and therefore make better decisions in regards to the allocation and use of scarce resources.
