The main concern of economists is to________

Assessment: JAMB UTME - Economics - 2018 Subject: Economics

Question 1 Report

The main concern of economists is to________

Answer Details

Economics seeks to study the relationship between ends and means. Ends are unlimited while the means are limited. Scarcity means resources are limited in relation to the ends. Economics therefore seek is concerned with allocating limited resources among the competing and unlimited wants.

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