San Diego State University Department of Economics

Economics analyzes the ways in which societies decide what to produce, how to produce it, and who gets it. Because it deals with these fundamental issues of our material well-being, it sheds light on the reasons why some societies are rich and others are poor. This also makes it a powerful tool for analyzing the costs and benefits of decisions, whether they are made by governments, business, or individuals.

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Economics analyzes the ways in which societies decide what to produce, how to produce it, and who gets it. Because it deals with these fundamental issues of our material well-being, it sheds light on the reasons why some societies are rich and others are poor. This also makes it a powerful tool for analyzing the costs and benefits of decisions, whether they are made by governments, business, or individuals.

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