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Episode Synopsis "Understanding Economics is Key"
Economics is concerned with the optimal distribution of resources in society. The subject involves Understanding what happens in markets and the macroeconomy. Examining statistics about the state of the economy and explaining their significance Understanding different policy options and evaluating their likely outcomes. We go to work, we start businesses, but it could all be in vain unless we learn the simple concept of: Owning and controlling the access to resources the economy is willing to pay you for.
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