what is economics? why it is important to study economics ? give four reasons
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Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Behind this definition are two key ideas in economics: that goods are scarce and that society must use its resources efficiently.
- You'll Expand Your Vocabulary
- And Put It Into Practice
- You’ll Understand Your Own Spending Habits
- You’ll Learn How to Leverage Economic Tools
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Economic is the branch of knowledge concerned with the production, consumption, and transfer of wealth.
Who opts economics come away with strong analytical and problem-solving skills, as well as business acumen necessary to succeed in the professional world.
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