lemontoad549Lv1
3 Nov 2021
Problem 3
Page 640
Section SELF: CHECK QUESTIONS
Chapter 26: The Neoclassical Perspective
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3 Nov 2021
Introduction
Economics:
Economics is a social science that analyses how individuals relate to utility, notably in terms of product and service creation, distribution, and consumption. Trading operations and the transfer of wealth from one location to another are also covered by this branch of knowledge. Microeconomics and macroeconomics are the two areas of economics, with the former dealing with general economic aspects such as national productivity and the latter with individual decisions and their impact on the economy.
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