Meaning of Economics: Basically, Economics is a science that pacts with the construction, supply, and consumption of numerous things and services. The economy is initiated on the outcome of a set of actions that contains its culture, values, education, and history. We can also express that the economic field is a social domain of humanoid practices and transactions. There are numerous procedures covered by the economics experts like market-based economics that depends on the goods and amenities are formed and exchange according to source and customer demand”. Our experts describing the various viewpoints of the economics in this economics assignment help the students:

• Wealth Viewpoint
• Welfare Viewpoint
• Scarcity Viewpoint
• Growth Viewpoint

Types of economics: We can define economics mainly in two types like microeconomics and another is macroeconomics. In these names, the term micro comes from the Greek word which means “small” and another Greek word is macro which means “large”.

• Microeconomics: The main term of this name is derived from the word micro-economy and science. It is mainly defined as the science of a small part of the economy. This part of the economics delivers the complete information of different units of microeconomics. This is also known as a single consumer firm. In this part of economics, we mainly study the relationship between the various variables like utility, cost of purchasing, demand, supply, cost of manufacturing, and revenue also.
• Macroeconomics: This part of economics also defines as the study of the economics of the large part. It also delivers bird-eye views about the current economy and general features of the economy. This part is also divided into various sectors like the government sector, foreign trade sector, business sector, etc. There are numerous scopes in this economics like:

1. Study of different wages level and employment level
2. Detailed study of output and price level
3. A complete study of the trade cycle.

Nature of economics: Every person has his own opinion about the nature of economics, some people define this as science and some define it as a social science. Let us now describe the nature of economics:

• Economics as science: It is mainly considered as science because it has lots of similar points related to problem-solving methods. Various methods and techniques are similar to science. It also deals with the question like related to the production, cost, etc.
• Economics as Social Science: It is a study of the behavior of various kinds of people. The main task of economics to get detailed information about the people’s expenditure that includes the household’s items, organizations. This is a very lengthy process like social science.

Career Opportunities of Economics: After completing this degree, you can get the various options in the future like:

• Economics consultant
• Market Study Analyst
• Benefit manager
• Actuary
• Financial Analyst
• Management Advisor
• Credit Analyst

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