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Finance Dictionary and Glossary of Investment Terms
economics
Definition 1.
The study of how the forces of supply and demand allocate scarce resources. Subdivided into microeconomics, which examines the behavior of firms, consumers and the role of government; and macroeconomics, which looks at inflation, unemployment, industrial production, and the role of government.
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Definition 2.
The study of how people use their limited resources in an attempt to satisfy unlimited wants.
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Definition 3.
The study of the economy. See also: Macroeconomics; microeconomics; Keynesian economics, monetarism, and supply-side economics.
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