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Ques: • What's the fundamental problem that economics seeks to address? • How do individuals, businesses, and governments respond to it? "The Subject Matter of Economics" In this video, we'll discuss the fundamental concepts that define the subject matter of economics, including: - Scarcity and choice - Opportunity cost and trade-offs - Microeconomics and macroeconomics - Positive and normative economics From understanding how markets work to analyzing the role of government in the economy, we'l