Economics is the :
1- study of the consumption, production, and distribution of goods and services.
2- study of political organization.
3- study of the distribution of unlimited resources to satisfy limited wants.
4- exclusive study of financial markets and instruments.

Number 1 is correct. Study of the consumption, production, and distribution of goods and services.

Explanation:

Economics is the science that studies the behavior related to the production, distribution and use of goods and services necessary for the survival and well-being of each individual.

The main objectives of the economy are to understand the dynamics of the material economic process, how the results of social work and the distribution of wealth occur, and the management of scarce resources in accordance with society's demand.

yeah its a ok ! just ask the qestoin and someone well answer !

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know