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An Economist
MB MC
MB MC
Economics: Studying
Choice In a World of Scarcity
Scarcity
Choices
Economics
The study of how people make choices
under conditions of scarcity.
Microeconomics
The study of individual firms and
households
Macroeconomics
The study of the performance of national
economies, and of the policies that
governments use to try to improve that
performance
Economic Naturalism