The way in which people make, distribute, and use their goods and services is called?
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A. B. C. D.C
The correct answer is C. Economics.
Economics is the study of how people and societies use scarce resources to produce and distribute goods and services. It involves analyzing the behavior of individuals, businesses, and governments with regards to the production, consumption, and distribution of goods and services.
In economics, individuals make choices based on the concept of opportunity cost, which refers to the cost of forgoing one option for another. This means that when individuals choose to use their resources (such as time, money, and labor) for one purpose, they are giving up the opportunity to use those resources for another purpose.
Short-term goals refer to specific targets that individuals or businesses aim to achieve within a short period of time, usually within a year or less. These goals may be related to increasing revenue, reducing expenses, or improving productivity.
Wealth watch is not a term commonly used in economics or finance.
In conclusion, economics is the study of how people make, distribute, and use their goods and services, and it involves analyzing the behavior of individuals, businesses, and governments in relation to the production, consumption, and distribution of these goods and services.