Economics investigates the choices people, businesses and governments are forced to make because of a fundamental truth: resources are scarce. Economics is not just about money, consumption, and profits. Rather, economics is a decision-making science that seeks to understand human behavior and find solutions to improve peoples' lives. In the Department of Economics at Western Michigan University, you will be challenged to think about all of the situations in which scarcity forces choices such as how to engage with government and making decisions on money, time and trade.
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