Economics Is the Study of

question 132

Multiple Choice

Economics is the study of

• A) production methods.
• B) how society manages its scarce resources.
• C) how households decide who performs which tasks.
• D) the interaction of business and government.

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Definitions:

Business Model Canvas

A strategic management template for developing new or documenting existing business models, visually outlining value propositions, customer relationships, and other key activities.

Key Resources

The essential assets required for a business or project to operate successfully, including physical, intellectual, human, and financial resources.

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation, communication, utilities, and public institutions.

Customer Segments

Distinct groups of people or organizations that a business aims to reach and serve, identified by specific needs, behaviors, demographics, or other attributes.