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First off, getting to know how people, firms, governments and banks make choices when it comes to scarcity.

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Q: What are the approaches of studying economics?
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Who must know the scientific definition of economics?

Everyone studying Economics.


What are the major approaches of economics?

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What are the approaches in studying politics?

The approaches to studying politics are both empirical and social. The size of the economy, the approbation of the people, and success in legal legislation are some approaches for studying politics. Other aspects, such as, foreign relations are often considered.


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