An Economy Without Government Regulation Would Be Completely ____
Economics focuses on the behaviour and interactions of economic agents and how economies work. The market is based on the division of labors.
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The government has its full control over all the economic activities.
. The government has little influence over the economic activities. Economics ˌ ɛ k ə ˈ n ɒ m ɪ k s ˌ iː k ə- is the social science that studies the production distribution and consumption of goods and services. No division of labor is involved.
Role of Government. Microeconomics is a field which analyzes whats viewed as basic elements in the economy including individual agents and.
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