how is economics about scarcity, investment, growth, employment, competition, protection, entrepreneurship, and markets?

Economics is the social science that studies the production and distribution of goods and services, and all the concepts listed in the question are related to this particular issue.

Explanation:

Scarcity, for example, is the fundamental economic problem, because the needs of people are unlimited, while resources are scarce.

Investment, growth, employment, competition, protection, entrepreneurship, and markets are also related to this subject matter. These are concepts that either refer to the production of goods and services, or its distribution, or both.

Tundexi Tundexi · Answer 2 · 2021-12-23T13:03:24+01:00

Economics entails scarcity, investment, growth, employment, competition, protection, entrepreneurship and markets because its encompasses them subjects.

Basically, economics refers to the social science which studies production, distribution, scarcity, implications of use of resources, growth of production etc.

The subject of scarcity, investment, growth, employment, competition, protection, entrepreneurship and markets are all studied by economics because they influence an economy and determines the growth and development of economy as well.

In conclusion, economics entails scarcity, investment, growth, employment, competition, protection, entrepreneurship and markets because its encompasses them subjects.

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