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Asked this 11 months, 2 weeks ago
Student / Alumni

Economics meaning

what is economics
Janvi Bhambri
Answer written 11 months, 2 weeks ago
CollegeDekho Expert


Economics is the study of the production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within markets to get what they want or accomplish certain goals. Since economics is a driving force of human interaction, studying it often reveals why people and governments behave in particular ways.


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Hope this answer helps:)

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