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Textbook Definitions of economics 

                                                                                       

 

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Textbook Definitions of Economics

 

.Joseph Stiglitz: Economics

 

Economics studies how individuals, firms, government and other organizations within our society make choices, and how those choices determine the way the resources of the society are used. Scarcity figures prominently in economics: choices matter because resources are scarce.

 

 

 

 

 

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