A mission area is a collection of organizations with comparable responsibilities that answer to the same under or assistant secretary. An illustration of a mission area is research, education, and economics.
Economics is the study of scarcity and how it impacts a variety of complex social issues, including how resources are used, how goods and services are generated, how output and welfare rise over time, and a host of other intricate issues.
Economics is the study of how products and services are made, distributed, and consumed. These three issues are addressed by economists:
(1) What products and services ought to be created to satisfy client demands?
(2) Who should generate them and how should they be produced?
3. To whom should goods and services be provided?
Capitalism and socialism are the two main economic systems in contemporary civilizations. In reality, neither a capitalism nor a communist society exists in isolation.
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