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Background Information

Economics is the social science that analyzes the production, distribution, and consumption of goods and services. A focus of the subject is how economic agents behave or interact and how economies work. Consistent with this, a primary textbook distinction is between microeconomics and macroeconomics. --EDITORIAL BOARD. (2015). Concise Dictionary of Economics. V&S Publishers.

Background information is encyclopedia information that provides context for future studies but is not included or cited in academic writing.