Examlex
The main policy tool for manipulating consumer spending is
Microeconomics
The branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
Economic Behavior
The actions and decisions made by individuals, households, and firms regarding the production, distribution, and consumption of goods and services.
Natural Resources
Substances and resources like minerals, forests, water, and arable land that are found in nature and can be exploited for financial benefit.
Economic Model
A simplified representation, often mathematical, of economic processes, relationships, or phenomena, to predict and explain economic behavior.
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