The Ultimate Economic Action Worldwide | Watch this to know what is Economics
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Hello Everyone,
Here I am coming with another vlog on Leo Finance. I am going to submit this vlog for the ongoing Zealy Adoption Campaign on Leo Finance. Today I am going to talk about Economics.
Economics
Economics is a global social science. Through which an idea is given about the production, distribution and consumption of goods in a society or country. Analyzes the economy of a society or country in terms of the priorities that the government or nation places on the allocation of its resources.
There are two different kinds of Economics. Such as:-
- Microeconomics
- Macroeconomics
I have given the basic idea of these 2 main subjects of Economics in the vlog. I also talked about how macroeconomics affects the economy around the world.
I also talked about some most important Economics indicators, such as Gross Domestic Product (GDP) and Consumer Price Index (CPI) in the vlog. These indicators are the most important economic indicators that have a huge impact on the forex market and cryptocurrency market. When the CPI report is good, traders invest their money in crypto, and when the GDP is bad, a FOMO (fear of missing out) is created in the market, so many people start selling their crypto. Even a crash can be created by a bad CPI report in the Crypto and Forex Market.
I have an article on Leo Finance about discussion of what is Economics and How it impacts globally. You can read it if you want. I hope that by reading the article, all your economics related basic questions will be resolved.
So that's all for my vlog. Hope you will get some important information from the vlog. If you want to know anything then please comment below the vlog. I will try to answer all of your questions.
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