Why is the problem of unemployment a part of the subject

Why is the problem of unemployment a part of the subject matter of economics?

E

Expert

Verified

Economics deals with the “limited resources—unlimited wants” problem.  Unemployment represents valuable resources that could have been used to produce more goods and services—to meet more wants and ease the economizing problem.

   Related Questions in Business Economics

©TutorsGlobe All rights reserved 2022-2023.