Economics is the social science concerned with the production, distribution, exchange, and consumption of goods and services in the context of human society. Modern economics focuses on how individuals, groups, business enterprises, and government institutions interact and participate in economic activities.
Two major sub-fields of economics are microeconomics and macroeconomics. Microeconomics deals with the interplay of supply and demand in competitive markets, and economic behavior of individuals and firms. Macroeconomics on the other hand deals with national income, employment, monetary and fiscal policies.
The economics lesson discusses the foundation of economics - human actions and production. The lesson traces the logic of human action to the formation of prices. City building game offers tyrannical options.
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How old is your kid? Have an account? Sign in. Informizely customer feedback surveys. Mint that teaches kids about currency and managing money. Free online finance games and apps appropriate for middle and high school age students grades Financial Football Interactive football game that requires players to answer personal finance questions. Lesson plans and other materials by grade level also from Visa. Financial Soccer Interactive soccer game that requires players to answer personal finance question.
Economics is a branch of social science that deals with the production, consumption, and distribution of money or services. Basically, the reason why there are shops, banks, businesses, and jobs are because of economics. If you want to become a successful businessperson — or student, at least —, it is very important to know the basic principles of economics.
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