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What is economics?
Economics is the social science used to study the production, distribution, and consumption of goods and services. The major focus is on the behavior and interaction of the economist. There are two types of economics; the first one is macroeconomics, and the second one is microeconomics.
Example of economics: Opportunity Cost
Opportunity costs are used to study the profits that a person earns or business drops if it selects different alternatives over previous resources. Normally, all the business decisions are not taken by checking the availability of the resources; hence, many opportunity costs are overlooked or missed.
Opportunity Cost = Return of Former Option – Return of Later Selected Option
Suppose a business is ready to invest its additional money in stock markets to make an annual return of 20%. But it makes a return of 15% within the same year. In this case, it precedes a return of 5% (20% – 15%) that has increased by spending in stock markets. This 5% considers the opportunity cost for the business.
Categories of economics
The two major categories of Economics are as follows:
Microeconomics
Microeconomics centers around how end-users and firms decide; these people can be individuals, families, a business/association, or government offices. Examining certain aspects of human behavior, microeconomics attempts to explain how they react to cost & what they do at different price levels. It tries to clarify how and why various products are valued unexpectedly, how people make budgetary choices, how people best trade, and facilitate and help each other. Following are some important Microeconomics topics on which our experts provide microeconomics assignment help to students.
Market Analysis
Specific company analysis case-study
Supply and demand curve analysis
Ceiling price numerical
Cut off price mathematical equation
Macroeconomics
In this branch of economics, we study the overall working of national & international economies. Its focus can include a nation, a geographical region, a continent or even the whole world. The following are a few important macroeconomics topics.
Growth policy homework
Inflation & monetary policy
Financial Policy & regulation economics
Economics Homework Help Sample and Student Feedback
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Economics is the social science subject that is used to study the distribution, production, and consumption of services and goods. Get excellent services from our experts to improve your knowledge about the concept of economics. Our economics homework help websites experts are accessible 24*7 for your help.
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Our experts at Calltutors provide economics homework help to students on many topics. Some of the topics related to economics assignment writing help services are mentioned below:
Rationing and Allocation
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Economics Homework Help FAQs
We have answered the number of queries asked by students about solutions' quality, experts, delivery, plagiarism, and more. Check the FAQs for a better perception of our service.
Yes, we do. You can contact us to get the best help at the lowest prices. Some of the topics included in our service are:
Yes, it is. CallTutors has been helping the students with their homework for years. We have already provided economics homework help to 10000+ students around the world.
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