Economics vs. Applied Economics Assignment help

The difference between economics and applied economics is very significant and necessary to be understood. For example, if economics Assignment help is an idea then applied economics is the way of
executing the idea.

Where the field of Applied economics Assignment is concerned with formulating new policies keeping in mind the negative and positive consequences of the previous policies, applied economics 
concerned with evaluating risks and taking proper measures in practically applying those policies in the real economic scenarios.

Major economic theories are based on assumptions about the various factors affecting the outcome, whereas applied economics is based on real life surroundings of an economic problem and analyze practical problems.

Applied economics includes the base of economics but is not considered a branch of
economics because it deals with application whereas economics deals with analyzing and creating new theories. Applied economics has more of a practical approach towards the economy than general economics.
Importance of Applied Economic  Assignment Application
a) It is a significant tool that reveals the honest situation of an economy in the past and lessons learnt by the economists.

b) It provides an opportunity to the economists Assignment help online to learn from their previous faults and neglect them in the future. It teaches them a valuable lesson on how to avoid
recurrence of the mistakes.  

c) It is used by economists as it provides a roadmap for the growth and development
of the economy.