Question

Observing the distribution of goods and services to competing groups and understanding how society chooses to emply resources in this process is the study of:______

Answer 1

The correct answer is: Economics.

Step-by-step explanation:

Economics is the study of how individuals, governments, businesses, and other organizations make choices that affect the allocation and distribution of scarce resources. There are two (2) general areas: Microeconomics (the study of how individual consumers and producers make their decisions) and Macroeconomics (the study of the overall, aggregate economy).