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    Ebs Danda
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    Economics is the study of how societies, governments, businesses, households, and individuals allocate scarce resources. It analyzes the production, distribution, and consumption of goods and services. The field of economics examines how individuals and groups make choices on spending, saving, and investment as well as how these choices impact market prices and quantities of goods and services produced and consumed.

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    Economics is the study of how societies, governments, businesses, households, and individuals allocate scarce resources. It analyzes the production, distribution, and consumption of goods and services. The field of economics examines how individuals and groups make choices on spending, saving, and investment as well as how these choices impact market prices and quantities of goods and services produced and consumed.

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    6 views3 pages

    Activity 1

    Uploaded by

    Ebs Danda
    Economics is the study of how societies, governments, businesses, households, and individuals allocate scarce resources. It analyzes the production, distribution, and consumption of goods and services. The field of economics examines how individuals and groups make choices on spending, saving, and investment as well as how these choices impact market prices and quantities of goods and services produced and consumed.

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    © All Rights Reserved
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    of 3

    STOP,

    LOOK AND
    LEARN!
    Look at the cover of your Applied Economics textbook
    and the photos on pages 2 and 5 while bearing in mind the
    question, “What is economics?”.
    Then, on your activity sheet/paper, write 5 words that you
    think are related to economics, 3 questions, and 1 idea
    about economics. If you do these things correctly, you will
    gain 10 points.

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