What is Economics ? Why is it important to learn about the idea that economics covers?

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. ... Indeed, economics is an important subject because of the fact of scarcity and the desire for efficiency.

Explanation:

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sample Economics is the study of how society uses its scarce resources to satisfy its wants and needs. Studying economics can help us to realize that choosing one use for a scarce resource means giving up the opportunity to use it for something else and understand that making the best use of our resources requires thinking carefully about our choices.

Explanation:

answer; lewis henry morgan;