Economics is the study and management of resources to satisfy human needs and wants. It includes activities related to the production, distribution, and consumption of goods and services.
Economics can be studied at different levels:
1. Microeconomics: The study of the economic activities of individuals or individual enterprises.
2. Macroeconomics: The study of global economic activities such as economic growth, inflation, maximum employment, and economic policy.
Economics is important in daily life and society because it is an important tool for the automatic organization of resources, the improvement of social life, and the development of society as a whole.
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Economy