Economics
as a subject that is consider to that branch of social science which deals with
the production and distribution and consumption of goods and services and their
management. In general terms it is the study of how the forces of supply and demand
allot scarce resources. Economics is categorized into microeconomics that examines
the behaviour of firms, consumers and the function of government; and
macroeconomics that looks at inflation, industrial production, and the responsibility
of government.
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