Economics

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 Economics is the social science that studies on production, distribution and  consumption of goods and services.

Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics  analyzes basic elements in the economy, including individual agents and markets their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth and public policies that have impact on these elements.

Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics between rational and behavioural economics and between mainstream economics  and hetereo dox economics.

Economic analysis can be applied throughout society, real state, business, finance health care and goverment Economic analysis is sometimes also applied to such diverse subjects as crime, educational and law, politics, social institutions, war and science and the environment.

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