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Economics
01
Ökonomie
the study of how money, goods, and resources are produced, distributed, and used in a country or society
What is "economics"?
Economics is the study of how people, businesses, and governments make choices regarding the use of resources. It looks at how goods and services are produced, distributed, and consumed, and how different factors like supply and demand affect the economy. Economics helps to understand financial systems and informs policy decisions related to growth, employment, and inflation.
Example
The professor explained the basic principles of economics in the lecture.
Understanding economics is essential for creating policies that reduce poverty.
Economics examines how people make choices with limited resources.
Beispiel
The professor explained the basic principles of economics in the lecture.
Understanding economics is essential for creating policies that reduce poverty.
Economics examines how people make choices with limited resources.
He decided to study economics to understand how markets work.
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