Ensure Classes are known for providing the best economics coaching. Economics is a social science that examines how products and services are produced, distributed, and consumed. It examines the decisions that people, organizations, and governments make when allocating resources. Economics focuses on how people behave, using the assumption that people behave rationally and seek the greatest possible amount of utility or benefit. The sciences of labor and commerce constitute the foundation of economics. Economic analysis reveals which resource acquisition strategies produce the greatest outcomes because there are several applications for human labor and a wide range of resources available. Economics is the study of how economies function and the activities and interactions of economic agents.
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