Define economics.

Q: Is economics one of the most important thing in the world? Why

A: Economics is the social aspect that deals with the interaction between people to make exchange of…

Q: What were John Maynard Keynes economic theory’s general principles and who did he advise?

A: Keynesian economics is based on John Maynard Keynes' thesis that rather than letting the free market…

Q: In common parlance, we say that economics is everywhere. Comment

A: Economics is that the investigation of how people choose choices notwithstanding shortage. These are…

Q: Differentiate between classical and neo-classical economics.

A: "Classical" and "neoclassical" are the names for two philosophical approaches to economics. As the…

Q: Is economics a science?

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Why economics is an applied science?

A: In recent period of time the market and the situations in the world are market by the scientific…

Q: What does mean economics wants. Give Some examples?

A: All wants that can be satisfied by goods or services produced of any kind is knows as economics…

Q: According to the trilemma, which three macroeconomic policies are mutually inconsistent?

A: The currencies are bought and sold in the foreign exchange market. The equilibrium price of foreign…

Q: What is meant by economics

A: Economics is the study of all the factors related to production, distribution, and consumption of…

Q: Can accountants can be economists?

A: Accountants and economists both are important for the efficient functioning of the market as both of…

Q: what is modern economics

A: In an economy, the study of interaction among people for the purpose of buying and selling…

Q: What are John Maynard Keynes economic theory’s general principles?

A: The theories of John Maynard Keynes, called as Keynesian economics matters, base on the possibility…

Q: State whether the following statement is True or False with reason: Macro economics studies whole…

A: # In economics, we have to study both the individual behaviour and the behaviour of the economy as a…

Q: Define equilibrium and steady state. Can we find a steady state for each dynamic general equilibrium…

A: Equilibrium is a state where the pace of the forward response approaches the pace of the backward…

Q: what is economics

A: Answer to the question is as follows :

Q: What are leading economic indicators? Why are they important? In what way are these variables…

A: A macroeconomic gauge used by researchers to analyze current and future economic activity and…

Q: How is the success of economic policy measured?

A: There are various measures adopted by an economy to monitor its success or growth. Some examples…

Q: why is the economy not self-correcting? What can be done about it?

A: The principle that if economy is left to its own devices is called self-correcting. When an economy…

Q: mic

A: The science which studies how people tend to interact with each other along with the prospects of…

Q: If economics is a positive science, why do economists always disagree

A: Let’s see it with an example, suppose a nation has a high unemployment rate. The government…

Q: what is your idea about economics

A: Economics is used for the study of how resources can be allocated in an efficient manner. It was…

Q: What is economics study?

A: Economics study is the study of how limited and scarce resources are employed to produce goods and…

Q: Question According to Stiglitz "it is better to be a cow in Europe than to be an average person in…

A: The income inequalities are rising rapidly across the world. The developing countries are far behind…

Q: Which is the largest figure in economics?

A: Gross nominal product is the largest figure in the economics.

Q: What is economics about ?

A: The field of economics is mainly divided into two categories microeconomics and macroeconomics. The…

Q: What is macroeconomics?

A: Macroeconomics deals with hoe an economy work on the aggregate level and study economy-wide…

Q: Is Economics an Administrative Science?

A: Science is an art that depicts the logical reasoning behind subjects and topics.

Q: Define the concept of economic models

A: The model that compares the market variables to forecast the change in the market is known as an…

Q: Explain how a person’s interpretation of macroeconomic history could affect his view of…

A: Advocates of active policy read the economy as an issue of frequent shocks which will cause surplus…

Q: How does Matthew effect affect the principles of economics.

A: The term "economic principle" refers to a broad range of economic rules and ideas that describe or…

Q: Write the definition of Macroeconomics with example?

A: Economics is defined as that branch of study which deals with scarce resources and how to use these…

Q: Economics is the study of?

A: Economics is the study of maximizing the use of scarce resources while producing different…

Q: what is the key difference between classical economic and Pre-classical economics?

A: Classical economics which was earlier known to be the part of political section is a school of…

Q: What are some examples of macroeconomics queation?

A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…

Q: What is the Stackelberg Theory in Economics?

A: Please find the answer below.

Q: Economists have various perspectives and theories about how an economy should operat Which economist…

A: Smith contended that by giving everybody opportunity to deliver and trade merchandise however they…

Q: Is economics a science, an art or both ? Give reasons for the answer

A: Economic is defined as a study which seeks to analyze and describe distribution, production and…

Q: The circular-flow diagram is a

A: The circular-flow model or diagram is the graphical representation of the flow of goods or services…

Q: how macroeconomics uses models?

A: A macroeconomic model is an empirical instrument intended to explain the way a country or region's…

Q: How might a theory of the economy differ from a description of that economy.

A: The theory of the economy and the description of that economy affect each other. The theory of the…

Q: How are John Maynard Keynes economic theories applied?

A: John Maynard Keynes was opposed to the beliefs of Adam Smith. According to Keynes, there should be…