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what is economic Related: Chapter Notes - Introduction to Micro Econo...
Economics is the study of how humans make decisions in the face of scarcity. These can be individual decisions, family decisions, business decisions or societal decisions. Scarcity means that human wants for goods, services and resources exceed what is available.
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what is economic Related: Chapter Notes - Introduction to Micro Econo...
Economics (/ɛkəˈnɒmɪks, iːkə-/) is the social science that studies the production, distribution, and consumption of goods and services.
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what is economic Related: Chapter Notes - Introduction to Micro Economics?
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