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Economics focuses on the behavior and interactions of economic agents and on the functioning of economies. Microeconomics analyzes the basic elements of economics, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents can include, for example, households, businesses, buyers and sellers. Economic analysis can be applied across society, in real estate, business, finance, healthcare, engineering, and government.
Economic analysis is sometimes also applied to topics as diverse as crime, education, family, law, politics, religion, social institutions, war, science and the environment.