ELI5: Explain Like I'm 5

Consumer economics

Consumer economics is about spending your money wisely on things that you need or want. It helps you make decisions about what to buy and how to save money. It helps you understand the best ways to budget your money, what to look for when buying something, and how to make sure you get the best deals. Consumer economics helps you figure out when it makes sense to buy something, what it costs, and how much you can really afford. It also looks at how different spending choices might impact your future finances.
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