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ECONOMICS Chapter 1, Section 1-What is economics? I. What Is Economics? A. Definition-Economics is the study of how people and countries choose to use their scarce ...

Economics The study of how individuals and societies choose to use the scarce resources that nature and previous generations have provided.

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The “definition” of economics is that the part of currency and financial. Another, it is the study of currency and financial institutions. Basically, Economics relates to consumers, households and corporations.

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Chapter 1 What is Economics? Section 1-1: The Basic Problem in Economics What is economics? The study of how people satisfy their unlimited wants and needs with ...

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