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Economics is generally defined as a social science that involves the analysis of such factors as of production, distribution and consumption of goods and services. In this respect, economics is applied in such areas as business, science, social institutions, finance and health care.
Although applied in the above stated areas, perhaps economic development is the main study sections that most economics students undertake right across the globe. Economic development simply refers to a country’s output and growth. It also analyzes changes in a country’s institutional arrangement where output originates. Such institutions include the markets and players therein. Generally, economists look at how market players can increase production while taking into account costs involved. This is for the purpose of attaining high efficiency levels.
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Studying economics at higher learning institutions requires time, dedication and financial resources. Although most students do look forward to passing their exams at first sitting, this is usually not the case as many fail to attain the necessary qualifications. This is where the service of economics tutor becomes very important. An economics tutor is a professional with some level of experience in the economics field and is able to guide a student in the course of his/her learning.
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