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What is economics?

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    1. Economics, in essence, is the study of how societies manage and allocate scarce resources to meet unlimited wants and needs. It explores the production, distribution, and consumption of goods and services, shedding light on the intricate web of decision-making that shapes our economic reality.

      Economics, in essence, is the study of how societies manage and allocate scarce resources to meet unlimited wants and needs. It explores the production, distribution, and consumption of goods and services, shedding light on the intricate web of decision-making that shapes our economic reality.

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