Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 1 - Introduction: What Is Economics? - Exercises - 1.1 What is Economics? - Page 13: 1.2

Answer

Economics is the study of production, transfer, and consumption of capital.

Work Step by Step

Capital is not always money, it is all assets useful to the individual and/or company.
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