BUS 101

Suny Broome Community College

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Economics terms [WELL ELABORATED]
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164

November 2021

2021/2022
Economics is the study of how a society employs its limited resources to pro- duce goods and services and how it distributes them among competing groups and individuals. Macroeconomics studies the operation of a nation's economy as a whole. Microeconomics looks at the behavior of individual people and organizations in specific markets. Resource development - study of how to increase the amount of available re- sources and create conditions that will make better use of these resources. Eco...
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