Economics is the social science that studies how societies allocate scarce resources to satisfy unlimited wants and needs . It encompasses various branches, including microeconomics (the study of individual agents like households and firms) and macroeconomics (the study of the economy as a whole) It involves analyzing market behavior, economic growth, inflation, unemployment and government policies . This category could cover various economic principles, theories and models , explaining how they apply to real-world situations . Resources could include case studies, analyses of economic data and discussions of current
What are the different types of economic systems? | economies.
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Anonymous
A. Market, Command, TraditionalB. Capitalist, Socialist, CommunistC. Free Market, Regulated Market, PlannedD. Centrally Planned, Decentralized, Mixed
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What is the effect of a price floor set above.
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Anonymous
A. Increased consumer surplusB. Shortage of goodsC. Surplus of goodsD. No effect on the market