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Is the study of how individuals and institutions make decisions in a world of scarce resources.

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Economics is the study of how individuals and institutions make decisions in a world of scarce resources.

What is the main problem of the economy?

Scarcity can be considered the basic problem of the economy, as the demand of society is unlimited and the resources necessary for the production of goods and services are scarce. For this, there is a need to develop a collaborative economy that proposes the reduction of waste and conscious consumption.

Therefore, it is essential to disseminate information on reducing excessive consumption and waste, combined with sustainable strategies for protecting the environment and sustainability.

Find out more about economics here:

https://brainly.com/question/17996535

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