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Economics is the social science that studies the behavior of individuals, groups, and organisations - known as economic actors, players, or agents - when they manage or use scarce resources, which have alternative uses, to achieve desired ends.

Economic problems are an ever-present and inherent part of our lives: the existence of high levels of unemployment, global competition in world markets, free trade agreements arguments, and the financial crisis. In a nutshell economics has become a fundamental part of our knowledge