Economics Terms

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You would likely revert to a medieval lifestyle, growing your own food and defending our own property.

Say goodbye to the i Phones, cushy jobs, roads (even the shitty ones), branded clothes and the air-conditioned comforts.

Studying economics can be both rewarding and intimidating at first, but knowledge of basic economics is essential not only for the B-School junta but for anyone who interacts with markets.

Two branches within the subject have evolved thus: microeconomics (individual choices) which deals with entities and the interaction between those entities, while macroeconomics (aggregate outcomes) deals with the entire economy as a whole.

A typical college student (or an overburdened husband?


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