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[Virtual Presenter] Economics is a social science that focuses on the production, distribution, and consumption of goods and services. It examines the decisions that people, businesses, governments, and nations make to allocate resources and maximize efficiency. Its two main branches are microeconomics, which concentrates on individual choices, and macroeconomics, which analyzes the entire economy. To gain an understanding of the economy, economists use key indicators such as Gross Domestic Product and the Consumer Price Index. By examining such indicators, economists are able to gain insight into how the economy is performing and make more informed decisions..
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[Virtual Presenter] Economics is a social science that concentrates on the manufacture, allocation, and use of products and enterprises. Microeconomics and macroeconomics are its two primary branches. Economics also assesses effectiveness in production and exchange, which is determined by Gross Domestic Product (GDP) and the Consumer Price Index (CPI). These are a portion of the vital instruments we utilize to decipher the market and make choices that influence our lives..