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Economics The study of how individuals and societies choose to use the scarce resources that nature and previous generations have provided.

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The “definition” of economics is that the part of currency and financial. Another, it is the study of currency and financial institutions. Basically, Economics relates to consumers, households and corporations.

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The Nature and Method of Economics Economics is concerned with the efficient use of limited resources to achieve the maximum satisfaction of human material wants.

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Economic Planning in India changed into a hard mission for our country wide leaders, they have been going through a massive problem, the way to construct the economic system, 20% of humans had been controlling 80% of assets, so the factor turned into the way to make Independence meaningful to the hundreds due to the fact until and until the monetary empowerment, all  empowerment is incomprehensible or shallow.

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