Economics is applied to various areas including health,
business, government policies, finance, politics, crime, education, law, education
and science. Economics analyses the advantages of improving patterns of
resource distribution. Alfred Marshall’s defines the Principles of Economics as
“a study of mankind in the normal business of life; it analyses that part of
individual and social action which is most closely related with the attainment
and with the utilization of the material fundamentals of well being. Hence on
the one hand it is a study of wealth; and on the other side and also more
significant side, a part of the study of man.”
The basic areas of Economics Assignment Help Australia
comprises of macroeconomics and microeconomics. Microeconomics comprises of the
markets, efficiency and cost, production, supply and demand, firms, market
failure, specialization and public sector.
Microeconomics deals among the company and customers. Their
main aim is to help the customers and the share holders, by rising the earning
and satisfying their requirements and demands. Macro economics involves the entire
economy such as the business cycle, growth, regulation and inflation. Macro
economics deals with all areas of economy. They focus on gaining the rate of
employment, entire the complete production and growth, and to adequate funds
for importing the goods.
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