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Economics is a social science that studies the production, distribution, and consumption of goods and services. What are the main focuses of economics?
Economics is a social science that studies the production, distribution, and consumption of goods and services. What are the main focuses of economics?
The main focuses of economics are the production, distribution, and consumption of goods and services.
What does microeconomics analyze in the economy?
What does microeconomics analyze in the economy?
Microeconomics analyzes individual agents and markets, their interactions, and the outcomes of interactions.
What does macroeconomics analyze in the economy?
What does macroeconomics analyze in the economy?
Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it.
What are some examples of individual agents in microeconomics?
What are some examples of individual agents in microeconomics?
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What are the broad distinctions within economics?
What are the broad distinctions within economics?
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