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Economics is the study of the choices people make, both as individuals and as members of a society. Our economic environment - which could be a market economy, an economy that's centrally directed by the government, or an economy based on tradition and custom - determines what incentives people face, and those incentives in turn shape people's decisions. The tools and concepts of economics help us understand a broad range of topics, such as financial markets, government policy, the global economy, enviromental problems, the status of women and minorities in society, and the historical roots of our modern world. Students who study economics gain a broad global perspective and deep analytical skills that will be valuable in careers in business, government, teaching, law, and other fields.