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Economics studies the patterns of choices people make in order to satisfy their needs in a society where resources are not unlimited. It examines the laws of production, distribution and consumption. When econimists evaluate people's choices, they assume that people act rationally and in their best interest. The two branches of economics are macro- and microeconomics. Microeconomics is the study of smaller-scale choices made by individual consumers, households and companies. Macroeconomics deals with economic issues at the level of society like economic growth, money supply, government spending, inflation, employment and unemployment.

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Q: What does economic questions deal with?
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