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1.1 What Is Economics, and Why Is It Important? - OpenStax
Economics is the study of how humans make decisions in the face of scarcity. These can be individual decisions, family decisions, business decisions or societal decisions. If you look around carefully, you will see that scarcity is a fact of life. Scarcity means that human wants for goods, services and resources exceed what is available.
ECONOMIC | English meaning - Cambridge Dictionary
relating to trade, industry, or money: The country has been in a very poor economic state ever since the decline of its two major industries. economic policy The government's economic policies have led us into the worst recession in years. Synonyms. financial. monetary. pecuniary formal. Compare. fiscal. Fewer examples.
The A to Z of economics | The Economist
The A to Z of economics | The Economist. Economic terms, from “absolute advantage” to “zero-sum game”, explained to you in plain English. A B C D E F G H I J K L M N O P Q R S T U V W Y Z....
Economics - Wikipedia
Economics ( / ˌɛkəˈnɒmɪks, ˌiːkə -/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on the behaviour and interactions of economic agents and how economies work.
Economics | Khan Academy
Current economics. Learn all about the fields of economics, microeconomics, macroeconomics, finance, and capital markets with hundreds of videos, articles, and practice exercises. Content in this domain covers courses from high school to college and beyond.
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