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What is economy and economics

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What is economy and economics

Posted by Alen Varghese 6 years, 7 months ago

CBSE > Class 11 > Economics

1 answers

Mahak Verma 6 years, 7 months ago

Economy- It is a system where people live and find their living Economics - It is that part of social science which teaches the society how to use scarce resources having alternative uses so that producer may get maximum profit,consumer may get maximum satisfaction and society may get maximum social welfare

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