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Which of the following best illustrates the importance of addressing the three questions of economics?


People’s desires and needs are always changing.

Businesses need to use limited resources wisely.

Traditional methods of production are outdated.

Businesses need to limit production.

Verified Answer :

BAtreides

Businesses need to use limited resources wisely.

The importance of addressing the three questions of economics is that businesses need to use limited resources wisely. The concept of limited resources and scarcity is, in fact, a key fact to the entire subject that is economics, so the statement well represent the fundamental need we have to a good economic practise.

Businesses need to use limited resources wisely best address the three questions of economics.

What is Economics?

Economics studies scarcity of resources and it effect on the production of goods and services.

It focus on how this limited resources will be used to maximize growth of production and welfare of people or individual over time.

Therefore, Businesses need to use limited resources wisely best address the three questions of economics.

For more details on economics kindly check

https://brainly.com/question/4556860

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