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Economics & StrategyDigital Assets Update, 3Q22: The Great Cleansing Currencies/monetary policy/economics/digital/banking/finance Group Research June 2022 30Taimur Being Chief Economist taimurbaig@dbs.com
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Start by understanding the basic definition of economics as the study of how individuals, businesses, and governments allocate resources to satisfy their wants and needs.
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What is economics?
Economics is the study of how individuals, businesses, and governments allocate resources to satisfy their needs and wants.
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The purpose of economics is to understand how scarce resources are allocated and to make decisions on the production, distribution, and consumption of goods and services.
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