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Answer to Question #65328 in Other Economics for matthew baird

Question #65328
what is economics
Expert's answer
Economics is a broad term referring to the scientific study of human action, particularly as it relates to human choice and the utilization of scarce resources. Economic analysis often progresses through deductive processes, much like mathematical logic, where the implications of specific human activities are considered in a "means-ends" framework.

Reference: Economics http://www.investopedia.com/terms/e/economics.asp#ixzz4Yn0oOh5d

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