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This branch of economics mainly deals with the actions of individuals and industries, like the dynamics that exist between buyers and sellers and between lenders and borrowers.
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To put it in simple terms, Economics is a subject or discipline that deals mainly with production, consumption, and cost price of various commodities.
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This field of economics deals with the application of various economic theories, tools, concepts, and methodologies and thus assists in solving problems that a business organization might face during its operation.