Economy, asked by imhuman47, 8 months ago

define economics as clearly as you can.


FOR 6 -MARKS


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Answers

Answered by dreadwing
2

<font size="+4"><font color="#ff0000"><p style="font:italic small-caps bold 18px/24px Garamond, Georgia, Times, Serif;width:200px;">ANSWER..!</p></font></font>

<font size="+2"><p style="font:italic small-caps bold 18px/24px Garamond, Georgia, Times, Serif;width:200px;">Economics is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements.</p></font>

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Answered by Anonymous
1

ANSWER..!

Economics is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.

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