Economics is applied to several areas including health, business, finance, government policies, politics, crime, education, law, science and education. Economics analyses the advantages of enhancing patterns of resource distribution. Alfred Marshall’s states the Principles of Economics as “a study of mankind in the normal business of life; it analyses that portion of individual and social action which is most closely associated with the attainment and with the utilization of the material basics of well being. Therefore on the one hand it is a study of wealth; and on the other side and also more significant side, a portion of the study of man.”
The major areas of Economics Assignment Help Australia comprises of microeconomics and macroeconomics. Microeconomics comprises of the markets, cost and efficiency, production, supply and demand, firms, specialization, market failure and public sector.
Microeconomics deals among the customers and company. Their main aim is to assist the customers and the share holders, by rising the earning and satisfying their needs and demands. Macro economics involves the whole economy such as the business cycle, growth, inflation and regulation. Macro economics deals with all areas of economy. They focus on raising the rate of employment, enhance the complete growth and production, and to adequate funds for importing the goods.