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Feliz [49]
3 years ago
15

What is economics and why is it important to study?

History
1 answer:
melamori03 [73]3 years ago
4 0

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.

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