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Murljashka [212]
3 years ago
5

What is economics and how does it affect me?

Social Studies
1 answer:
saw5 [17]3 years ago
7 0
<span>What is economics and how does it affect me?
</span><span>
Your life is effected by economics in the way that you work, eat, spend money and live on a daily basis. Paul A. Samuelson and The American Economic Association define economics as the study of how people choose to use resources. Economics is the overall breakdown of people's lives.</span>
Hope this helps :)

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In the United States, the two major layers of government are at the state and national levels. This system, where more than one layer of government has jurisdiction over the same territory, is called federalism. Although it seems natural to US citizens that government is divided into multiple layers, in fact, there are only 15 federal republics in the world.

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