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What is economics, and how can you benefit from understanding basic economic concepts?

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User Zahymaka
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1 Answer

4 votes

Answer:

Economics is the study of money, finance etc.

Step-by-step explanation:

At the most basic level, economics attempts to explain how and why we make the purchasing choices we do. Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make.

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User Loentar
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