What is economics and its importance?

What is economics and its importance? Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Indeed, economics is an important subject because of the fact of scarcity and the desire for efficiency. What is the function of an economic system? The four functions of […]

Are there 50 countries in Asia?

Are there 50 countries in Asia? Being the biggest continent in the world, Asia includes 50 independent countries and occupies the eastern part of the single Eurasian landmass. How many countries are in Asia list? How many countries are there in Asia? The area is shared by 50 countries. By far the largest nation by […]

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