Economics is the social science that studies the production, distribution, and consumption of goods and services.
Economics is the social science that studies the production, distribution, and consumption of goods and services.Economically developed or growth refers to sustained increase in a country's real GDP and standard of living.
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Economics: Economics is the social science that studies how individuals, businesses, governments, and societies allocate scarce resources to satisfy their unlimited wants and needs. It examines the production, distribution, and consumption of goods and services and the behavior of individuals and organizations in the marketplace.
Economically Developed/Growth: Economically developed refers to a state or country that has achieved a high level of economic prosperity and well-being. It is characterized by factors such as high per capita income, advanced infrastructure, technological advancements, high levels of education and healthcare, and a diverse and productive economy. Economic growth refers to the increase in the production and consumption of goods and services over time. It is often measured by indicators such as Gross Domestic Product (GDP), employment rates, and living standards. Economic growth is driven by factors such as investment, technological advancements, innovation, and improved productivity.
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I hope this helps Cutiepie ❤️!. Please let me know if you have any other questions.
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Economics: Economics is the social science that studies how individuals, businesses, governments, and societies allocate scarce resources to satisfy their unlimited wants and needs. It examines the production, distribution, and consumption of goods and services and the behavior of individuals and organizations in the marketplace.
Economically Developed/Growth: Economically developed refers to a state or country that has achieved a high level of economic prosperity and well-being. It is characterized by factors such as high per capita income, advanced infrastructure, technological advancements, high levels of education and healthcare, and a diverse and productive economy. Economic growth refers to the increase in the production and consumption of goods and services over time. It is often measured by indicators such as Gross Domestic Product (GDP), employment rates, and living standards. Economic growth is driven by factors such as investment, technological advancements, innovation, and improved productivity.
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