Respuesta :
Economics is the study of how individuals, institutions, and society make choices under the conditions of scarcity. Scarcity means shortage.
Answer:
Economics
Explanation:
Economics is a science that studies how the limited resources available are allocated for different activities like consumption and production by people and organizations to satisfy their needs and desires. According to this, the study of how individuals, institutions, and society make choices under the conditions of scarcity is economics.
