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2.  Economics stands for the study of production,
consumption and transfer of wealth.
 The theories, principles, and models that deal with
how the market process works. It attempts to explain
how wealth is created and distributed in communities,
how people allocate resources that are scarce and have
many alternative uses, and other such matters that
arise in dealing with human wants and their
satisfaction.
 Economics can be divided into: Micro economics and
Macro economics.

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