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.
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
