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Economics Tutoring Service: A+ Grades & On-Time Submission

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What is economics:

Early economics was defined as household management: which refers to the simple management of regular or obligatory duties. Including how to deal with the day-to-day financial activities of a home or a business. But after a generation gap, modern economics emerges and gives the concept that “economics is a science of growth and efficiency” Which focuses on continuous growth and efficient usage of all the limited sources. This is a form of abstraction study belonging to the social science family which merely deals with the production, distribution, and consumption of insufficient resources. Furthermore, it is divided into two categories: micro and macro. 

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Microeconomics is limited to a particular individual entity or a business. This study is used to investigate or identify the main causes between the changes in price and an individual’s response to certain changes.

Integral calculus

Macroeconomics is the study of the entire economy of a country. This study contributes to economic growth and development. Including, the concepts in this study help economists in drafting and executing economic policies and strategies. 

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