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What is Economics

Economics is the study of the best allocation of resources (all resources including human) in a systematic manner in comparison with medium of exchange in an Economy on the basis of availability.

What is JAM effect? It is an Economic Effect developed from irregularities in receiving and spending of wealth/cash/money in an economic system owing to the implementation of policies by Governing bodies in an economy due to which micro level and macro level developments are not moving forward or backward.

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