Becoming informed about economics helps a person understand the role of government in regulating production. Therefore, the second option is the correct answer.
Economics is the study of scarcity and how it influences the utilisation of resources, the creation of goods and services, the expansion of production and well-being over time, as well as many other significant and intricate societal issues.
In its broadest sense, economics is the study of human decision-making under conditions of scarcity. The topic is how we compromise when we have several wants but are unable to fulfil them all. It has to do with how we react to rewards.
Everyone day, each of us makes decisions. Economics explains how and why we make the decisions we do. Knowing that is pretty essential to knowing how people behave. That is a topic that many people find interesting and helpful. That is why we research it.
Learn more about Economics here: https://brainly.com/question/17996535
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