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Basic Economics

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The social science that deals with the study of the production, distribution, and consumption of goods and services is known as economics. It observes the behavior and interactions of economic agents and the working of economies. Economics is broadly divided into two parts, microeconomics and macroeconomics. Microeconomics deals with the basic elements in the economy such as markets and individual agents like households, firms, sellers, etc. It also deals with the interactions between them ...