explain the nature and scope of economics
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Economics is defined as the social science that deals with the production, distribution, and consumption of goods and services. ... The study of economics is extensive and varied. The nature and scope of economics depend upon the interaction of economic agents and how economies work.
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Explanation:
Economics is defined as the social science that deals with the production, distribution, and consumption of goods and services. ... The study of economics is extensive and varied. The nature and scope of economics depend upon the interaction of economic agents and how economies work.
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