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Economics is applied to various fields includes health, government policies, business, finance, politics, education, crime, law, science and education. Economics analyses the benefits of improving patterns of resource distribution. Alfred Marshall’s defines the Principles of Economics as “a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing. Thus it is on one side a study of wealth; and on the other, and more important side, a part of the study of man.”

The major branches of Assignment Help Australia include microeconomics and macroeconomics. Microeconomics includes the markets, production, cost and efficiency, supply and demand, specialization, firms, market failure and public sector. Microeconomics deals between the customers and the company. Their main target is to help the customers and the share holders, by increasing the earning and satisfying their needs. Macro economics includes the entire economy like the growth, business cycle, inflation and regulation. Macro economics deals with almost all aspects of economy. They focus on increasing the rate of employment, increase the total growth and production, and to sufficient funds for importing the goods. And they solve problems around the nation like the population growth, crime and business.

Economics is major part in day today life, economics helps all individuals, if they know the basic requirements in economics and one can understand the world better, can fulfill their needs and can develop knowledge by learning economics. Benefits of economic growth includes less unemployment, higher incomes, lower government borrowing, public services can be improved, and money can be spent to protect the nation. Because of the growth the public can enjoy the facilities provided by the government and every one can fulfill their needs and facilities. One can enjoy more goods and services, creates more employment in and outside the nation. To increase the long term economic growth requires, the working population must be increased, by good education and training facility should increase the labor production, have to introduce raw materials, new technologies must be implemented to increase the production of capital and labor.

If the growth of economy is faster the cost will be greater. Effects on economic growth are due to inflation, economy growth and payments for the economic growth, environmental costs and reduced inequality. A cause of economic growth is due to lower interest rates, increased wages and increased spending by the government. Homework help provides an opportunity to achieve in economics, students can gain information’s from the basics and various aspects of economics will be taught with simple explanation to understand better, study materials and other required materials will be provided to the students, to gain knowledge and confidence in economics.