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Is it easy to get good marks in economics?
It isn’t easy to get great marks in any economics assignment. There’s just so much to study and understand, and as a student you may not have all the time in the world. The concepts of demand and supply and inflation, budgets and ledgers may really be giving you a headache and you may not know where to start.
Which is a desirable outcome of an economic model?
An economic model is a simplified version of reality used to analyze real-world economic situations. One desirable outcome of a market economy is that it leads to a more equitable distribution of income. In the market for factors of production, firms earn income by selling goods and services to households.
Why is economics such a hard subject to study?
Economics is a tough nut to crack because of the vast nature of the subject and the fact that it requires a huge depth of research and proactivity. It isn’t easy to get great marks in any economics assignment. There’s just so much to study and understand, and as a student you may not have all the time in the world.
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Last Update: Oct 2021
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