4.1 Defining Economics

In this section

• 4.1.1 What is Economics?
  An exploration of economics as a social science and the distinction between microeconomics and macroeconomics.
• 4.1.2 Economic Agents and Markets
  An in-depth exploration of the roles and functions of economic agents within various market structures, including perfect competition, monopoly, monopolistic competition, and oligopoly.
• 4.1.3 Economic Systems
  An in-depth exploration of different economic systems, specifically capitalism, socialism, and mixed economies, emphasizing their characteristics and implications.