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Unit1Introduction to EconomicsEssential Question does economics affect everyone?1Chapter Essential Question How can we make the best economic choices?2Chapter Essential Question How does a society
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Economics is the social science that studies how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their wants and needs.
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The purpose of economics is to help individuals, businesses, governments, and nations make informed decisions about resource allocation and maximize utility.
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Information such as production levels, consumption patterns, market trends, labor force participation, and government policies must be reported on in economics.
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