5 things for me what ECONOMIKLS
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5 things for me what ECONOMIKLS
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Answer:
the branch of knowledge concerned with the production, consumption, and transfer of wealth.
Economics is defined as a science that deals with the making, distributing, selling and purchasing of goods and services. An example of economics is the study of the stock market.
Explanation:
Example: When Corn crop production increases the farmers decrease the price of the crop so that they can sell off their produce. If the supply is too high then the demand i.e. the amount of corn needed to feed the people of the Country, the produce had to be wasted and farmers lose their cost of production.