Studying of Economics helps to understand and manage everyday life, describes the reasons products are scarce, helps to manage resources, shows how people work together to make money and explains the roles of producers and consumers.
Economics is a social science that explains scarcity and implications for the use of resources, production, growth of production, development etc
The studying of economics helps individual and government know how to manage resources better.
Economics also explains the reasons why there are scarcity of products as well as the roles of producers and consumers.
The study also explains how people work together to make money through an organization.
Therefore, all the Option are correct.
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