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International Phonetic Alphabet. American English – /iˈkɑnəmi/ British English – /i(ː)ˈkɒnəmi/ Usage Notes. Plural: economies Also called an economic system.; An (noun) economist studies the economy by researching and interpreting (adjective) economic or (adjective) economical data.
Social studies. In many countries' curricula, social studies is the combined study of humanities, the arts, and social sciences, mainly including history, economics, and civics. The term was first coined by American educators around the turn of the twentieth century as a catch-all for these subjects, as well as others which did not fit into the ...
Economics is the study of the economy, or the part of a society that creates wealth. Wealth is not just money . Wealth comes from the production of goods and services, which people buy with money. People who study economics, called economists, look at how people create wealth, how they use it, and how different people get different amounts of it.
3 days ago · Economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated. This is also known as an economic system.
Jan 4, 2022 · Subject: Social Studies. Class: JS3. Lesson Objectives: by the end of the lesson, the learners should be able to: 1. Define the term national economy; 2. Identify the determinants of economic life of a nation; 3. Mention and explain examples of national economic activities. Lesson Discussion. The topic is quite broad and needs to be divided ...
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Chapter 3 / Lesson 1. 5.4M. Economics involves allocating resources to meet peoples' needs and desires for goods and services. Explore the definition and types of economics including microeconomics and macroeconomics and learn about growth vs. sustainability. Ask a Homework Question. Tutors available.
