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ECONOMICS

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

Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the entire economy (meaning aggregated production, consumption, savings, and investment) and issues affecting it, including unemployment of resources (labour, capital, and land), inflation, economic growth, and the public policies that address these issues (monetary, fiscal, and other policies).

Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioural economics; and between mainstream economics and heterodox economics.

The Liber Abaci Institute through merchant and economist Rolando Nuztas will focuse principally trying to give a complete perspective of the economy & to explain the Federal Reserve System. The most important commitment of the Institute will be to encourage on the people a business entrepreneurial trend for a productive world.

Liber Abaci Economics (website link)

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