What is the study of how people satisfy unlimited, competing economic wants with limited resources called?

The study of how people satisfy unlimited, competing economic wants with limited resources is called economics. This field of study analyzes the ways in which individuals, businesses, and governments make choices about resource allocation amidst scarcity. Economics dives into concepts such as supply and demand, market structures, consumer behavior, and the overall functioning of economies, elucidating how different factors influence decision-making and resource distribution.

By examining the principles of scarcity and choice, economics helps to explain how various actors in an economy prioritize their needs and wants when resources are limited. This intrinsic aspect of economics makes it foundational in understanding broader social and financial systems.

The other choices, while related to financial and resource considerations, do not encompass the broader themes of scarcity and decision-making across various sectors that economics covers. Finance primarily deals with the management of money and investments; resource management focuses on the efficient and sustainable use of resources; and market analysis refers to the examination of market conditions to inform business strategies. These areas are more specialized subsets within the field of economics itself.