Using my definition of economics, which is the study of allocating scarce resources[.](https://9sleek.com/products/seo-link-building-service)

Is it correct or incorrect to characterise economics as the study of managing finite resources. [https://overplugged.org/](https://overplugged.org/)

Economics is the social science that analyzes the production, distribution, and consumption of goods and services. It studies how individuals, businesses, and governments make choices to allocate limited resources. Understanding economics is crucial as it helps us comprehend how societies function, make informed decisions, and address economic challenges effectively. [https://mygymadvisor.com/](https://mygymadvisor.com/)