The field of Economics allows us to study how individuals and societies are able to allocate resources.
What is economics?
Economics is a field that studies the allocation of resources by a society to ensure that the needs of the society are met.
The reason the allocation of resources needs to be studied is because they are scarce and so have to be allocated with opportunity cost in mind.
Find out more on opportunity cost at https://brainly.com/question/1549591.
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