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What is the main tool of micro economics?

Demand and Supply.


What is the main objective in the study of economics?

The main objective in the study of economics is to understand how individuals, businesses, and governments make choices about how to allocate resources to satisfy their needs and wants.


What is the point of economics?

Although economics may seem somewhat pointless it is important that we are aware of the economic crisis and the value in our money.


What are the main aspects of chapter 4 economics principles in action?

To be or not to be


Which theme is represented in the main idea of the reading passagegeographyeconomicsculturegovernment?

economics


What does the term environmental economics mean?

Environmental economics is a subfield of economics that deals with environmental issues. One main focus of environmental economics is market failure. Market failure is when the markets fail to efficiently allocate resources.


Is it important to study economics as a business student?

yes, it is important to learn economics because it is also one of the main subjects as well


What is the definition of economics by J.H Davenport?

He defined economics as the science that treats phenomena from the standpoint of price


What are three main types of economics?

The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)


What are three main economics for economic system?

There are 3 main economics for economic system which are given below: 1.) Capitalism economic system 2.) Socialism economic system 3.) Mixed economic system .


When was The Main Point created?

The Main Point was created in 1964.


What are two main reasons for finding another trade route were?

Religious & Economics