Humans have limitless needs and desires but finite resources, and economics studies how we employ these unlimited resources. Distribution, production, and consumption of commodities and services are all covered by economics, which is a social science.
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We've put together a quick summary for you, outlining what we offer and the topics we cover. When we talk about economics, there are two basic categories to consider: microeconomics and macroeconomics. To begin, we must comprehend what distinguishes the two branches above. The answer lies in their scope, in the entities they include. On the other hand, Macroeconomics is a more extensive field, and it entails a comprehensive examination of the national economy.
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