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Economics is the branch of
study concerned with the production, consumption and transfer of wealth. It
focuses on the behaviour and interactions of economic agents and how economies
work. This is a study dating back to Mesopotamian, Greek, Roman, Arab, Chinese,
Persian and Indian subcontinent civilizations. It is still popular today. It
helps people to understand business, market and government and therefore
responds better to threats and opportunities comes when things change. It helps
one in day to day decision making.
Economics is a subject of
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