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28 Oct 2021

Introduction

Economics is the study of how businesses, societies, households, governments and individuals allocate their scarce resources  to meet their unlimited needs. Economics just does not deal in money but in making choices and decisions such as business decisions, societal decisions, family decisions or individual decisions keeping scarcity in mind. Hence, the valuable knowledge gained through economics helps in making well-informed decisions concerned with the optimal distribution of resources in society. 

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