Which social science studies the production, distribution and consumption of wealth? [#1065]

Economics is the social science that studies the production, distribution, and consumption of goods and services, including wealth. Economics is divided into two classes, microeconomics and macroeconomics, and it directly affects everyday life. Economics is primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. Economic models emerged from the broader field of political economy in the late 19th century.

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Economics is the social science that studies the production, distribution, and consumption of goods and services, including wealth. Economics is divided into two classes, microeconomics and macroeconomics, and it directly affects everyday life. Economics is primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. Economic models emerged from the broader field of political economy in the late 19th century.

Poultry Farming and Egg production.

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Poultry Farming and Egg production.

Microeconomics

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Microeconomics

The Digboi Refinery in Assam is the oldest refinery in India, having been commissioned on December 11, 1901. It was built by the British and is also Asia's first refinery. The refinery is known as the birthplace of the Indian oil industry. Oil was first discovered in 1867 while laying a railway line in the Digboi area.

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The Digboi Refinery in Assam is the oldest refinery in India, having been commissioned on December 11, 1901. It was built by the British and is also Asia's first refinery. The refinery is known as the birthplace of the Indian oil industry. Oil was first discovered in 1867 while laying a railway line in the Digboi area.

The Assam Gas Cracker Project, officially known as the Brahmaputra Cracker and Polymer Limited (BCPL), is a major petrochemical project located in Dibrugarh, Assam. It utilizes natural gas as a feedstock to produce various petrochemicals, primarily polymers like polyethylene and polypropylene. These polymers are essential raw materials used in various industries for manufacturing plastics and other products.

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The Assam Gas Cracker Project, officially known as the Brahmaputra Cracker and Polymer Limited (BCPL), is a major petrochemical project located in Dibrugarh, Assam. It utilizes natural gas as a feedstock to produce various petrochemicals, primarily polymers like polyethylene and polypropylene. These polymers are essential raw materials used in various industries for manufacturing plastics and other products.

Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past. Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment. Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.

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Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past. Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment. Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.

Assam is world-famous for its production of high-quality black tea. The region's unique terroir and climate conditions contribute to the distinct flavor profile of Assam tea, characterized by its briskness, malty taste, and rich aroma.

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Assam is world-famous for its production of high-quality black tea. The region's unique terroir and climate conditions contribute to the distinct flavor profile of Assam tea, characterized by its briskness, malty taste, and rich aroma.

The first bank in Assam is The Gauhati Bank Ltd, which was incorporated on June 18, 1926.

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The first bank in Assam is The Gauhati Bank Ltd, which was incorporated on June 18, 1926.

The Karbi Anglong and North Cachar Hills regions of Assam are known to have the highest deposits of limestone in the state. These regions are rich in mineral resources, including limestone, which is used in various industries, such as cement production.

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The Karbi Anglong and North Cachar Hills regions of Assam are known to have the highest deposits of limestone in the state. These regions are rich in mineral resources, including limestone, which is used in various industries, such as cement production.

The first oil well in Assam was dug in 1867, but the first commercially viable oil well was drilled in 1889.

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The first oil well in Assam was dug in 1867, but the first commercially viable oil well was drilled in 1889.

Economics is the social science that studies the production, distribution, and consumption of goods and services, including wealth. Economics is divided into two classes, microeconomics and macroeconomics, and it directly affects everyday life. Economics is primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. Economic models emerged from the broader field of political economy in the late 19th century.

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Economics is the social science that studies the production, distribution, and consumption of goods and services, including wealth. Economics is divided into two classes, microeconomics and macroeconomics, and it directly affects everyday life. Economics is primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. Economic models emerged from the broader field of political economy in the late 19th century.