Economics
Study of production, distribution, and consumption of goods and services.
Economics is the study of how individuals, businesses, and governments allocate scarce resources to satisfy unlimited wants and needs. It encompasses both microeconomics, which focuses on individual decision-making, and macroeconomics, which examines the overall economy and its indicators, such as GDP, inflation, and unemployment.
Concepts covered: Currency Exchange Rates: Understanding Equilibrium Value, Economic Growth
Time: 5 minutes Questions: 5
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