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    Psychology is defined as the scientific study of behavior and mental processes. Economics is defined as the study of how humans use knowledge to identify scarce resources and use those resources to create commodities and distribute them among people, according to the textbook Economics by P. A. Samuelson and W. D. Nordhaus published in 1992 by McGraw-Hill in New York.

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    Psychology is defined as the scientific study of behavior and mental processes. Economics is defined as the study of how humans use knowledge to identify scarce resources and use those resources to create commodities and distribute them among people, according to the textbook Economics by P. A. Samuelson and W. D. Nordhaus published in 1992 by McGraw-Hill in New York.

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    Definition of Psychology

    Uploaded by

    shamim
    Psychology is defined as the scientific study of behavior and mental processes. Economics is defined as the study of how humans use knowledge to identify scarce resources and use those resources to create commodities and distribute them among people, according to the textbook Economics by P. A. Samuelson and W. D. Nordhaus published in 1992 by McGraw-Hill in New York.

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    Definition of Psychology

    Psychology is the scientific study of behavior and mental processes.

    Definition of Economics
    Returning to the definition of economics as explained above, “economics is
    the study of how humans use knowledge to identify resources and use these scarce
    resources to create, using knowledge, commodities and distribute them among
    people”,

    P. A. Samuelson and W. D. Nordhaus, “Economics,” McGraw-Hill, New York, 1992

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