Sunday, April 14, 2013

The study of econonmics. An opinionated essay

1                   The study of economics is helpful in several shipway . Some of these I

        will comment on . First of each , technology levels affect a societies economy ,

        so by chance oning what products are produced and how they are produced , you

         can agnise how technologically advanced a society is . By examining where the

        produced goods are send/used you can get a better whim of what type of

        government the society is run by . By studying an economy and seeing how

        the economy uses resources , you can learn what resources the society

        controls and which ones the society needs . Tied in with this factor of

        resources you can get an idea of which countries have leverage over other

        countries .

2                  An economist how a society or government meets the needs and

        wants of the dregs of the people , either through production or commerce .

        Economists see the world as a) profitable b) unprofitable c) and they see

        opportunity cost . By viewing the world in such a manner they are able to

        help in the decisiveness making involved with money and industry . They can

        help to keep on money , resources , labor, and time .         

3                  Microeconomics is the study of an overall economy .

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In studying

        microeconomics you study a wider range of services , productions ,

        exchanges . While non as discriminate as macroeconomics , you can get a

        broader fork up and grasp the basic concepts of an economy .

                 Macroeconomics studies the study a genius aspect of an economy ,

        lets say the mining of coal . You dont explore the delivery , the market ;

        all you study is the actual mining cognitive process . While this may be more limited in

         ordered series , you...

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