By standard definition, economics revolve around demand and supply, trading and consumption of public goods and services in a space. Acronyms commonly used are Aggregate Expenditure (AE), Aggregate Demand (AD) and Aggregate Supply (AS).
There are 2 branches of economics - microeconomics, which examines basic economic elements like individual agents and market share, and macroeconomics, which analyses the economy as a whole. Fiscal policies and monetary policies are studied at length here.
In economics, opportunity costs are always weighed to increase a country's Gross Domestic Product (GDP), Gross National Product (GNP) and comparative advantage to human capital. The value a goods or services can offer depends also whether it is operating in a perfect market, oligopolistic market or it is a monopoly. This will affect the producer's economies of scale, financial considerations and money markets access.
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