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All economists share a foundational understanding of how resources are allocated and how individuals, businesses, and governments make decisions within the constraints of scarcity. They utilize theories and models to analyze economic behavior and outcomes, often focusing on supply, demand, and market dynamics. Additionally, economists often employ statistical methods and data analysis to support their findings and policy recommendations. Despite differing schools of thought, they are united by their commitment to understanding and addressing economic issues.

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2d ago

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