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Markets and economics are key parts of how societies function and grow. A market is a place—physical or digital—where buyers and sellers exchange goods and services. Economics is the study of how people, businesses, and governments make choices about using limited resources. It looks at how supply and demand affect prices, how jobs and incomes are created, and how money flows through different parts of the economy. Markets help set prices, distribute goods, and connect producers with consumers. Understanding economics helps us make better decisions about spending, saving, investing, and managing resources for a stable and growing future.
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