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Economics and Extended Division to Study

<br>Students should read in this ppt every point of economics. If you have any query related to Economics assignment writing, feel free to contact BookMyEssay team via email (assignmenthelp@bookmyessay.com) or live chat support. Read more here: https://www.bookmyessay.com.au/subject/economics-assignment-help/

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Economics and Extended Division to Study

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  1. Economics and its Extended Divisions to Study By James Jon– Oct 25, 2018 https://www.bookmyessay.com.au/

  2. Economics: an Introduction Economics is basically o one the branch of social science which deals with goods, services, marketing, and taxation etc. it actually involves production, distribution, and pricing of goods and services along with profit and losses. However, the main function of economics is to study how any nation or any organization utilizes its limited resources to attain maximum profits. It determines principles, models, and theories to deal with the working of market process for consumer satisfaction. assignmenthelp@bookmyessay.com

  3. Prominent Divisions of Economics https://www.bookmyessay.com.au/

  4. Microeconomics it actually relates on a small scale which investigates performance and behavior of an organization or a consumer in an economy. It covers only a part of the economy instead of the whole which includes market failure, production, cost and efficiency, supply and demand, uncertainty and game theory etc. https://www.bookmyessay.com.au/

  5. Macroeconomics It refers to the division of economics which deals with performance and behavior of the whole economy i.e. on a big scale as the name explains itself. It covers basically business cycle, unemployment, inflation and monetary policies, GDP’s, etc. it basically ignores individual welfare in this division. https://www.bookmyessay.com.au/

  6. Theoretical Economics It refers to the theoretical analysis of economic problems to provide a better outcome. The theoreticians are actually researchers who perform research and development on various models with different strategies and hypothesis and provide the one conclusion tp apply for a better result. https://www.bookmyessay.com.au/

  7. Adaptive Economics It deals with the applied division of economics which actually apply and adapt the theories and strategies provided by analysists to solve specific problems with specific principles and models, it covers the study of saving, investing and risk, labor and demographic economics, health and education and welfare economics. https://www.bookmyessay.com.au/

  8. International Economics It refers to the goods and services flows across the international boundaries to study about its demand, supply and profits attained from trade for economic growth of any country and also lead to globalization. https://www.bookmyessay.com.au/

  9. Developmental Economics It mainly includes strategies followed by any developing country for its development focusing on its critical issues like poverty, structural change etc includes social and political factors. https://www.bookmyessay.com.au/

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  12. Thank You

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