Economy

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Service

A service, in economics and marketing, is the intangible equivalent…

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Goods

In economics, goods are materials that satisfy human wants and…

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Economy

The term economy defines the set of resources and activities…

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Scarcity

Scarcity means that human wants for goods, services, and resources…

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Division of labour

The formal study of economics began when Adam Smith (1723–1790)…

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Microeconomics

Microeconomics is the branch of economics that studies the implications…

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Macroeconomics

Macroeconomics is a branch of economics that studies how the…

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Supply and demand

In microeconomics, supply and demand is an economic model of…

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Price

Price is the quantity of payment or retribution given by…

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