| ----DICTIONARY---- 01_HOME 72_C Economics ----BACK---- |
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economics [,i:k*.'nomyks] |
Economics is a branch of
social science that studies how individuals, businesses, and governments
allocate resources to satisfy unlimited wants. 📌 It analyzes the production, distribution, and consumption of goods and services. 📌 Economics encompasses various concepts such as supply and demand, market equilibrium, and economic growth. 📌 Examples of sentences using the word "economics": "She studied economics in university and now works as an economist." "The government implemented new economic policies to stimulate economic growth." "Understanding basic economics principles can help individuals make better financial decisions." 📌 One-liner summary: Economics is a social science that examines how resources are allocated to meet unlimited wants, involving the production, distribution, and consumption of goods and services. |
Explain the word "economics". Give some examples of using the word "economics" in sentences.