Modern economics is a discipline of social science concerned with the distribution, production, and consumption of goods and services. The focus here is on making decisions and allocating resources. Studies human behavior in accordance with the belief that people are rational and seek the most significant possible benefit or usefulness. Applied economics relies on a thorough understanding of the workings of the economy. Economics is such an essential topic in business management that many scholars avail of economics assignment help from service providers intending to score good marks and grades.
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Introduction to Economics.pptx
1. Modern economics is a discipline of social science
concerned with the distribution, production, and
consumption of goods and services. The focus here is on
making decisions and allocating resources. Studies
human behavior in accordance with the belief that
people are rational and seek the most significant
possible benefit or usefulness. Applied economics relies
on a thorough understanding of the workings of the
economy. Economics is such an essential topic in
business management that many scholars avail of
economics assignment help from service providers
intending to score good marks and grades.
2. TYPESOFECONOMICS
There are two main branches of economics study:
macroeconomics and microeconomics.
Microeconomics-It is the goal of microeconomics
to better understand human behavior by
examining how and why individuals respond to
price fluctuations.
Macroeconomics- Using macroeconomic data and
indicators, economies at the national and
international levels may be boosted. Economic
cycles and growth in the economy are the subjects
of this study.
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