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Economics is the science which deals with production, distribution and consumption of goods. It has both, qualitative as well as quantitative aspects.

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Economics concentrates on how governments, business, households, societies and individuals make choices about when, where and how to use their natural resources at its best. It is a study that deals with many abstract and ideal blueprints to study the action and foretell how institutions will acknowledge to given changes in fiscal policies and market conditions among other factors.

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