Explain the Study of Economics

question 127

Essay

Explain the study of economics.

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Definitions:

Unduly Burdensome

Imposing an excessive load, effort, or demand, considered unreasonable under the circumstances.

Illegal Contract

A contract that is void and unenforceable from the outset because it involves or pertains to an illegal act.

Criminal Violation

An act that breaches a statute and is punishable by the government through fines, imprisonment, or other penalties.

Illegal Agreement

An agreement that is against the law, and therefore unenforceable by the parties involved.