It helps us understand how our efforts to produce goods and the produce itself are related, including the monetary aspects. On the national level this is macroeconomics and on a more personal level it is microeconomics. Some studies on this subject enable us to forecast what the future in this commerce will be, and even with allowances for inaccuracy, this provides useful guides for planning future activities.
among many other things, economics is used to predict how people will respond to changes in prices and quantity of a good like stocks or Video Games.
In my opinion, as an economics student, the reason is that people find economics confusing and difficult. In order to truly appreciate economics a person must enjoy math and be a graph oriented person. Even though economics is incredibly useful in everyday life, people have the impression that economics is too difficult and is only necessary if one is going into business or government. People connect economics to things like accounting, where it is much simpler to ask for help than to learn it yourself.
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
The scope of business economics include demand analysis and forecasting, capital management, profit management, pricing decisions, policies and practices and cost and production analysis. Some significance of business economics include incorporation of useful ideas from disciplines such as sociology and psychology and reaching a variety of business decisions in complicated environment.
what is difference between msc economics and ma economics
Research is useful in economics to know the need of the consumer.
Scientific notation is useful in economics to compute very large or very small numbers.
Everywhere there is change in conditions from communications to economics.
the perfect model
Corporate profits
so one day, you can use it to get a job and be smart and get into better collages. it is very useful for these things.
In my opinion, as an economics student, the reason is that people find economics confusing and difficult. In order to truly appreciate economics a person must enjoy math and be a graph oriented person. Even though economics is incredibly useful in everyday life, people have the impression that economics is too difficult and is only necessary if one is going into business or government. People connect economics to things like accounting, where it is much simpler to ask for help than to learn it yourself.
The following subjects are widely considered useful for aspiring journalists: * English Literature * Economics * Journalism
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
The scope of business economics include demand analysis and forecasting, capital management, profit management, pricing decisions, policies and practices and cost and production analysis. Some significance of business economics include incorporation of useful ideas from disciplines such as sociology and psychology and reaching a variety of business decisions in complicated environment.
Frank Livesey has written: 'A textbook of core economics' -- subject(s): Economics 'Stage 1 economics' -- subject(s): Economics 'Dictionary of Economics' 'Economics' -- subject(s): Economics, Marketing, Problems, exercises 'A modern approach to economics' -- subject(s): Economics 'Economics (A.C.C.A.)' 'Economics for business decisions' -- subject(s): Managerial economics 'Economics (Marketing)' 'A textbook of economics' -- subject(s): Economics 'Objective tests in A Level economics' -- subject(s): Economics, Examinations, questions, Problems, exercises