Question

what is economics ?
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Answer 1

Answer:

into macroeconomics, which ... Economics is the study of how people allocate scarce resources for production

Explanation:

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Answer 2

Answer:

A standard definition of economics could describe it as: a social science directed at the satisfaction of needs and wants through the allocation of scarce resources which have alternative uses. We can go further to state that: economics is about the study of scarcity and choice.

Explanation:

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