Which of the Following Is the Best Definition of Economics

question 146

Multiple Choice

Which of the following is the best definition of economics?

• A) Economics is the study of how to manage corporations to generate the greatest return on shareholder investment.
• B) Economics is the study of how to mange city and country government to generate the greatest good to its citizens.
• C) Economics is the study of how society chooses to allocate its scarce resources.
• D) Economics is the study of how to track revenues and costs within a business.

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Definitions:

Mutually Beneficial Relationships

Relationships in which all parties involved gain advantages or value out of the association, fostering cooperation and positive dynamics.

Survive Attacks

The ability to withstand or get through aggressive actions or criticisms without succumbing or failing.

Positive Note

An optimistic or hopeful message, often used to conclude a communication in a pleasant manner.

Negative News

Information or messages that convey unfavorable, disappointing, or adverse developments.