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economics10

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Economics is the study of the production and consumption of goods and the transfer of wealth to
produce and obtain those goods. Economics explains how people interact within markets to get what
they want or accomplish certain goals. Since economics is a driving force of human interaction,
studying it often reveals why people and governments behave in particular ways.
There are two main types of
economics: macroeconomics andmicroeconomics. Microeconomicsfocuses on the actions of
individuals and industries, like the dynamics between buyers and sellers, borrowers and
lenders.Macroeconomics, on the other hand, takes a much broader view by analyzing the economic
activity of an entire country or the international marketplace.
Economics aspires to be a science. But in this it does not succeed. Neither does finance. This
despite the fact that there is an annual, optimistically named Nobel Prize in 'Economic Sciences.'

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Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within markets to get what they want or accomplish certain goals. Since economics is a driving force of human interaction, studyin ...
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