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Questions and Answers
What is the main focus of economics?
The main focus of economics is the production, distribution, and consumption of goods and services.
What does microeconomics analyze?
Microeconomics analyzes individual agents and markets, their interactions, and the outcomes of interactions.
What does macroeconomics analyze?
Macroeconomics analyzes the economy as a system, including production, consumption, saving, investment, and factors affecting it.
What are the broad distinctions within economics?
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What does positive economics describe?
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