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Economics - Definition Definition: Economics refers to how people use limited resources to meet unlimited desires. Translation: it's the study of how we interact and make decisions about money and things we value. AKA: "The most boring class I've taken in college." (Surprisingly) TeenAnalyst Advice:
The study of economics is the study of interactions in our everyday
life. Economists seek to evaluate information to figure out
why the economy works the way it does.
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