Economics is a subject associated with the factors used for determination of the production, distribution and consumption of goods and services. It is considered as a social science.

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Economics is a subject associated with the factors used for determination of the production, distribution and
consumption of goods and services. It is considered as a social science. The e economics takes the work done by
the economies as well as economic agents into consideration. To focus on this aspect, the economics is classified
into macroeconomics and microeconomics
The microeconomics deals with treating the economy as an individual entity. It studies the behavior of the basic
elements in the economy, including the markets and their individual agents. The macroeconomics studies the
economy as a whole. It studies the aggregates. Also it studies the issue affecting it. Thus, it is quite understood
that economics is a very broad concept as well as subject. The students need to pay a lot of attention to get its
concepts cleared.
Economics being social in concern can be applied in the business, healthcare, finance and government. Also, it
may be applied to diverse subjects including the education, religion, crime, science, family, politics, law, war, social
institutions, etc. So, to get acquainted with all these things one needs to pursue a course related to economics and
its management. He/she have to do an assignment at that time of the course, either in the beginning or at the end.
This assignment is based on the most important topics of the subject. This is the essence for the completion of the
course as well as for the acquisition of higher degree of education. According to the spokesperson of Management
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The study of economics is aimed to make improvement in the living conditions or the lifestyle of the individuals in
their everyday life. Economics is of great importance to everyone. The students may get to know about all the
concepts of economics in detail, while writing the assignment.
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