28 Oct 2021
Problem 6
Page 291
Section SELF: CHECK QUESTIONS
Chapter 12: Environmental Protection and Negative Externalities
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28 Oct 2021
Introduction
Economics is the study of how business, society, households, governments, and individuals allocate their scarce resources. It not only deals in money but in making choices and decisions such as business decisions, societal decisions, family decisions or individual decisions keeping scarcity in mind. Hence, the valuable knowledge gained through economics helps in making better decisions in concern with the optimal distribution of resources in economy.
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