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| 1. |
What is econimics |
| Answer» \tEconomics is a social science dealing with the study of economic problems.\tEconomics is a\xa0social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their wants and needs, trying to determine how these groups should organize and coordinate efforts to achieve maximum output.\tEconomics can generally be broken down into\xa0macroeconomics, which concentrates on the behavior of the aggregate economy, and\xa0microeconomics, which focuses on individual consumers and businesses. | |