Why is economics critical for people to prosper ?

Economy is the set of relations emerging in the system of production and distribution of goods and services in a given territory.  It is also viewed as a system of social relations, considered from the standpoint of the concept of value, and the exchange of values between people.

The main function of the economy is to constantly create such benefits that are necessary for the life of people and without which society cannot develop. Economics helps meet human needs in a world of limited resources, therefore being critical for people to prosper.

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explanation:

demand is the need and oportunity to buy a given good or service.