What is economics? Explain it with the contrast of micro and macro.
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1.the branch of knowledge concerned with the production, consumption, and transfer of wealth.
2.the condition of a region or group as regards material prosperity.
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Economics: The study of principles of the way money,business and industry are organized.
Microeconomics: microeconomics studies individuals and business decisions.
Macroeconomics: macroeconomic analyze the decisions made by countries and government.
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