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Most Popular FAQs Searched By Students:
Q. What is an economics assignment?
Ans: An economics assignment is an assignment that is assigned to each student of economics. They have to complete these assignments on the basis of the knowledge that is imparted during their lectures. These assignments can be:-
- Case study
- Research paper
You have to complete these assignments within the deadline allotted by your academic institutes
Q. How do you make an assignment in economics?
Ans: Economics assignment is compulsory for all the students pursuing economics. Here are tips to make your economics assignment:-
- Research is a must. You have to conduct research according to your topic.
- Find references that will support your point of view in the assignment.
- Write your assignment in simple language.
- Maintain the word count of your assignment
- Revision is unavoidable.
Q. What are the 5 concepts of economics?
Ans: There are 5 concepts in economics. They are:-
- Supply and Demand
- Opportunity Cost
- Time value of money
- Purchasing Power
These are the basis on which major economic rules are set. Hence you need to learn them and their uses in this field.
Q. What is the basic principle of economics?
Ans: Economics is a subject that runs on principles and rules. Although there are several principles in economics but there are three basic principles that are followed in economics.
These are the 3 basic principles:-
- Principle of Scarcity
- Supply, Demand and Market Price
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