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Applied Economics |
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Applied Economics The study of observing how economic theory works in practice. Applied economics may be practiced at the macroeconomic or microeconomic levels. For example, one may conduct a study examining the performace of a government regulation in a national economy. This would involve gathering data from real businesses and/or individuals, as opposed to constructing a model on how such regulation should work. The term originated in the early 20th century. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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