How can you apply economics in your daily life
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Answered by
93
well, we have not to apply because it is a part of our daily life at least we use to purchase groceries , stationaries etc. and these were done with money that's why these are economical
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Answered by
57
Concept of economics can be applied in day to day life.
Explanation:
- Economics can be applied in daily life by buying and selling goods. Economics helps us in studying the past, future, and current models and apply themes to societies, government, businesses, and individuals.
- Economics helps us in identifying the opportunity costs, how inflation and deflation affect the economy, how to maximize utility and the impact of market externalities.
- An example of paying petrol tax that acts as tax revenue to aid the government in road development. Economics helps us to maximize economic decisions.
- Rationality and utility maximization and thee by maximizing the economic decisions that give people satisfaction.
Learn more about the how can you apply economics in your daily life.
- brainly.in/question/10739045 answered by supershiva .
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