According to the context, economics is the study of the production, distribution, and consumption of goods and services.
It studies the modes of organization of societies to satisfy their needs over time, through the set of goods and resources.
In other words, it is the study of the production and the different dynamics of the circulation of goods and services in a society.
Therefore, we can conclude that according to the context, economics is the study of the production, distribution, and consumption of goods and services.
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