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25 February, 12:08

Define economics using the following terms: allocation, distribution, goods, resources, production, and services

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  1. 25 February, 12:15
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    Economics is a social science which deals with the study of how goods and services are produced, distributed, and consumed. It analyses how people, enterprises, countries, and governments come up with options on how to allocate resources so as to satisfy their wants and needs effectively. It also tries to assess how these parties are supposed to organize and manage efforts so as to acquire maximum output
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