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Economics - Example Papers

Economics


The study of is helpful in several ways . Some of these I
will comment on . First of all , technology levels affect a societies economy ,
so by learning what products are produced and how they are produced , you can
see how technologically advanced a society is . By examining where the produced
goods are sent/used you can get a better idea of what type of government the
society is run by . By studying an economy and seeing how the economy uses
resources , you can learn what resources the society controls and which ones the
society needs . Tied in with this factor of resources you can get an idea of
which countries have leverage over other countries .
An economist how a society or ...

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, exchanges .
While not as discriminate as macroeconomics , you can get a broader picture and
grasp the basic concepts of an economy .
Macroeconomics studies the study a single aspect of an economy , lets say the
mining of coal . You don't research the delivery , the ‘market' ; all you study
is the actual mining process . While this may be more limited in scale , you can
learn more about that specific process . You don't see the whole picture but you
can find the specifics on that subject .
Personally I don't think that the physiocrats theory would work . I
think that if we tried to follow there theory and have the government abstain
from interference , many of the smaller businesses would quickly be closed down .
I think that a great many monopolies would be created and we would have the ‘
railroad barons' problem that we had in the 20th century . I feel that the
government is hindering at many times , and still they seem to be helpful in
some areas .
The ...

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Economics. (2005, November 14). Retrieved April 26, 2024, from http://www.essayworld.com/essays/Economics/36453
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"Economics." Essayworld.com. November 14, 2005. Accessed April 26, 2024. http://www.essayworld.com/essays/Economics/36453.
"Economics." Essayworld.com. November 14, 2005. Accessed April 26, 2024. http://www.essayworld.com/essays/Economics/36453.
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PAPER DETAILS
Added: 11/14/2005 08:10:24 AM
Category: Economics
Type: Premium Paper
Words: 582
Pages: 3

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