Economics is a social science concerned with the proper use and______

  • A production of goods and services
  • B distribution of wealth
  • C allocation of resources for growth
  • D creation of utility
jamb 2019economics

The correct answer is C. allocation of resources for growth

Economics study scarcity because the resources are limited. Also, it helps to study how resources are allocated or used up by the government, firm and individual.

Previous question Next question