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Define a common approach to economics

A common approach to economics involves studying how: (i) charging interest on loans can be ethical. (ii) resources are allocated to satisfy human wants. (iii) individuals and government should balance their budgets. (iv) to determine the best bargains when you go shopping. (v) athletes invest their salaries.

I need a good answer on the topic of Economic problems. Please suggest me your suggestion for the same.

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