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How to Get the Best Help with Your Economics Assignment?

September 06, 2023
Courtney Owens
Courtney Owens
🇺🇸 United States
Economics
Courtney Owens, a Harvard University alumna, brings 14 years of expertise in Economics Homework, holding a Ph.D. garnered through extensive academic and professional pursuits.
Key Topics
  • Marx and Malthus: Dismal Science
  • Keynesian Economics
  • Milton Friedman
Tip of the day
Apply the concept of opportunity cost to your decisions, such as allocating time for studies versus leisure. This helps internalize economic thinking in practical contexts.
News
CESifo has announced that it will host the Journal of International Economics (JIE) Summer School from July 16 to 18, 2025. This event presents an excellent opportunity for students interested in international economics.

Economics is the study of how societies produce goods and services, and how they consume them. This science is an integral part of our everyday life and has impacted the world of finance in many vital ways. The creation of the field of economics is greatly credited to Adam Smith. It is said that he was inspired by French writers who also hated mercantilism. These writers were the first people to undertake a methodical study of how economies work. Adam Smith used many of their ideas to come up with how economies should work.

Smith said that competition should regulate itself. That the government should only take part in business through tariffs and taxes among others only to protect free-market competition. Smith’s work has played a pivotal role in many economic theories today. This has earned him the name “the father of economics.”

Marx and Malthus: Dismal Science

Thomas Malthus's work predicted that the food supply will be outstripped by the growing population. However, he was proved wrong by technological innovations that allowed production to keep pace with the growth in population. Nonetheless, his work changed the focus of economics to scarcity and demand for things.

With the shift of the focus of economics to scarcity, Karl Marx declared factors of productions as the most important components of any economy.

Keynesian Economics

John Maynard Keynes developed the theory of a mixed economy. He was of the idea that since capitalist societies aren’t self-correcting, the government should take it as a chance to justify its existence.

Milton Friedman

Friedman was against the redundant controls that the government had imposed in the market. With the economy of the U.S.A maturing, he argued that rather than an increasing gross domestic product to grow bigger, the government should instead focus on consuming less of the capital from the economy. If there is more capital in the market then the economy can do without any government interference.

For more than a decade now, we have received numerous requests from students who need help with their economics assignments. If you are having any trouble understanding the theories of economics then avail of our supreme economics assignment help service. Economics is both a theoretical and practical subject. It employs the techniques of mathematics, statistics, and computational modeling to explain the concepts. If you want to understand the truths of practical economics then you have to familiarize yourself with these techniques.

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