Define economics

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Define economics

Economics is a social science that studies how individuals, governments, firms and nations make choices on allocating scarce resources to satisfy their unlimited wants.

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Asked 9/22/2012 8:13:56 AM

Updated 4/13/2015 9:25:54 PM

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This answer has been confirmed as correct and helpful.

Edited by yumdrea [4/13/2015 9:25:52 PM], Confirmed by yumdrea [4/13/2015 9:25:54 PM]

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Define free trade

Weegy: International trade left to its natural course without tariffs, quotas, or other restrictions. (More)

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Expert Answered

Updated 80 days ago|9/27/2025 2:34:34 AM

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Free trade is a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports).

Added 80 days ago|9/27/2025 2:34:26 AM

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