The correct answer is letter E
Economics is a science that studies the processes of production, distribution, accumulation and consumption of material goods. It is restraint or moderation in spending, it is savings.
The concept of economics encompasses the notion of how societies use resources to produce goods with value and the way in which these goods are distributed among individuals.
Scarcity of resources suggests the idea that material resources are limited and that it is not possible to produce an infinite amount of goods, taking into account that human desires and needs are unlimited and insatiable.
Based on this principle, the economy observes human behavior due to the relationship between the needs of men and the resources available to satisfy those needs.
