Economics is the social science that studies the production, distribution, and consumption of goods and services. Economists often measure the size of the economy with metrics such as gross domestic product (GDP), which measures the value of all the goods and services produced by a country in a year. Studying economics best helps an individual determine how to achieve economic goals. Correct answer: 2
Answer:
2. Goals
Explanation:
As we know that there is always a scarcity of resources through which the individual or a firm or a company use it with an efficient and effective way so that it could accomplish its goals and objectives with respect to production and consumption of the available goods and services
Plus, the individual has to know about the economy i.e Gross national income so that the individual is able to achieve the economic goals which are to be beneficial to him
