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Economic Theory and Types |
 Economic: the method by which people allocate
scarce resources, transfer wealth and make
a living, along with producing goods and services.
It studies the production, distribution,
and consumption of goods
and services.
Economic Theory: ideas and principles
that attempt to describe how an economy
works. Economic Types are the
systems producers, consumers and governments use
to produce and distribute goods and services. Some
examples of
Economic Systems.
Concepts related to economic theory and types:
economic agents,
Microeconomics,
markets,
Macroeconomics,
inflation, economic
growth. List of Subcategories of Economic
Theories and Types via
Wikipeida |
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