Learning a few subjects is difficult for you, as you face some serious issues in understanding the concepts. Economics is one of the concepts where you focus on learning various topics which require two or three readings to interpret the meaning. That is because of the straight and rigid language, so you fail to reach the top level when you work on the tasks. Hence, you seek economics assignment help to ensure you can submit the work on time. This poor learning affects your project and grades and reflects on your result sheet like a curse.
Just so it does not happen again, you search to find a place where the language is simple and the details you want to learn are also complete. Another reason is not just concepts but the sub-divisions like the theories in economics which confused you. When you have to work on these matters, you lack clarity on where to begin. Therefore, this article will discuss such notions in easy words so you can understand the correct meaning. S, let’s start the session.
Famous Theories to Write Your Economics Assignment
Before heading for the big topic, it is beneficial to understand the term economic theory. In a nutshell, it is a cluster of different ideas and notions that describe how several economies act. Under this category, some denote a single heading, while others prepare an outline.
Now that you know the definition of the term, let’s head to learn about the theories:
Theory of Supply and Demand:
Many of you hear this term often while studying the microeconomics branch. This theory determines the price of a product when either the demand or supply is affected. These both when matches to an equal position, that is when you can fix the price. Therefore, when a consumer demands a specific product, and the seller can supply the good of the exact quantity, it reaches economic equilibrium.
Understand an example. Suppose a consumer asked for fifty Adidas sneakers, and the owner cannot ship that much, but the buyer still insists on the same quantity. It means the demand is higher than the supply.
Theory of Keynesian Economics:
This theory contains several models and principles of macroeconomics describing the changes brought down by aggregate demand on specific events like inflation or economic output. The notion denotes that various factors are necessary to match equality with the manufacturing ability of an economy. Moreover, it states that the changes and alterations in aggregate demand do not affect the price, although it does impact employment and supply. You can ask for university assignment help from experts for your doubts about this theory.
Theory of Malthusian Economics:
The Malthusian notion states that the resources are linear, like food, water, and other supplements, whereas the population is exponential. Simply, it means that the count of people will rapidly grow, but the sources to live on remain fixed. This progressive growth is unavoidable and starts a chain reaction resulting in a big depopulation event as the standard of living will reduce simultaneously. Many nations agree with this theory and begin implementing measures to control the increase in human population. However, some disagree as it only discusses agricultural issues but fails to disclose nature depletion.
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Theory of Marxism Economics:
This theory is not an example of an ideal economic situation as it believes that society has two categories, bourgeoisie and proletariat. The former is commonly called the ruling class, and the latter is the working group. In this theory, the means of production or ownership belong to the bourgeoisie, and the proletariat is the ones who execute their orders and perform labor to create the final product. It states that the ruling group should extract the most work from the employees in exchange for less payments.
Theory of Moral Hazard Economics:
The name suggests that the notion focuses on creating a surrounding that neglects the values for higher profit. It states that two business enters into a transaction on the basis of bad faith, which means that one moves ahead to take risks in the contract by ensuring not to bear any effects of that. So, the other party faces the result of the gamble by investing their capital. Thus, a company attempts to earn higher profit by ignoring ethical values.
Conclusion
Economics is a subject that contains tough language and topics that you cannot understand in one reading. You face various issues while drafting the project in this subject due to weak knowledge. So, you ask for economics assignment help from a subject expert to learn the concepts in simple words. Hence, this article discusses various theories in easy terms to master and interpret the meaning you did not grasp before. So, study and clear your doubts about them.
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