alleryStart learning →Demography is the study of which of these?
AThe choices a society makes about using its scarce resources
BThe number of suppliers who compete inside a single market
CVital statistics of people, such as age, gender and location
DThe attitudes, values and lifestyles that people hold today
Answer & Solution
Correct answer: C. Vital statistics of people, such as age, gender and location
1. Demography is the study of the vital statistics of people.
2. Those statistics include age, gender, race and ethnicity, and location.
3. The study of how a society uses scarce resources is economics, a different field.
4. The number of suppliers in a market is market structure, and attitudes and lifestyles are social factors.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 1 "Understanding Economic Systems and Business", section 1.2 Understanding the Business Environment_
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