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29 December, 09:56

What is the most important tool for analyzing the production, distribution, and consumption of goods and services?

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  1. 29 December, 10:05
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    Economics is used for analyzing the production, distribution, and consumption of goods and services.

    Economics is actually a branch of Social Science. The word Economics comes from a greek word Oikou-Nomos, which means household management. Economic analysis can be applied throughout society in business, healthcare, finance and government. it is also applied to some diverse subjects like crime family, law, politics etc.
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