what is applied economy ?
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Applied economics applies the conclusion drawn form economic theories and empirical studies to real world situation with the desired aim of informing economic decision and predicting possible outcomes. The applied economic is to improve the quality of business,public policy ,daily life,benifit and human behaviour
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Applied economics is the application of economic theory to determine the likely outcomes associated with various possible courses of action in the real world. By better understanding the likely consequences of choices made by individuals, businesses, and policy makers, we can help them make better choices.
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