Question

what is economic mean in simple word ?
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Answer 1

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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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Answer 2

Answer:

Economics is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.