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According to your text, children first begin to think less intuitively and more concretely around age
Macroeconomics
The part of economics concerned with the performance and behavior of the economy as a whole. Focuses on economic growth, the business cycle, interest rates, inflation, and the behavior of major economic aggregates such as the household, business, and government sectors.
Entire Economy
The entire economy refers to the sum total of all economic activities and interactions within a country or region.
Scientific Method
The procedure for the systematic pursuit of knowledge involving the observation of facts and the formulation and testing of hypotheses to obtain theories, principles, and laws.
Economists
Professionals who study and analyze economies, including their production, distribution, and consumption of goods and services.
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