Economic Theories Books

Economic Theories app - An economic theory is a set of ideas and principles that outline how different economies function. Depending on their particular role, an economist may employ theories for different purposes. For instance, some theories aim to describe particular economic phenomena, such as inflation or supply and demand, and why they occur.

Other economic theories may provide a framework of thought that allows economists to analyze, interpret and predict the behavior of financial markets, industries and governments. Often, though, economists apply theories to the issues or occurrences they observe to glean useful insight, provide explanations and generate potential solutions to problems.

In Economic Theories app :

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