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Economics

Economics is a social science concerned with the production, distribution, and consumption of goods and services.

Economics is a social science concerned with the production, distribution, and consumption of goods and services.

It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. Economics studies human behaviours based on assumptions that humans act with rational behaviour seeking the most optimal level of benefit or utility.

Economics is especially concerned with efficiency in production and exchange and uses models and assumptions to understand how to create incentives and policies that will maximize efficiency.

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Introduction to Health Economics

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