28. state the meaning of economics.
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Economics is a social science concerned with the production, distribution, and consumption of goods and services.
Economics can generally be broken down into macroeconomics, which concentrates on the behavior of the economy as a whole, and microeconomics, which focuses on individual people and businesses.
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economics is a social science concerned Vidya production distribution and consumption of goods and services
Explanation:
economics economics can generally be broken down into macroeconomics which which concentrates on the behaviour of economyas a whole microeconomicswhich focus on individual people and business
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