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  • 1. IB HL Economy Year 1
    Hannah Phillips
    Diagram and Definition

2. Economy
Economics is the study of how scarce resources are or should be used.
3. Section 1
Introduction
4. Microeconomics
Microeconomics is the study of the behaviour of individual markets
Macroeconomics

  • Microeconomics is the study of how the economy as a whole works.

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