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What is Handout Applied Economics Prelim about?

Applied economics applies economic theories to address real-world issues, aiding in policy making, business strategies, and resource allocation. Key concepts include scarcity, opportunity cost, marginal thinking, incentives, and market equilibrium, with supply and demand dynamics influencing prices. Contemporary issues for Filipino entrepreneurs include inflation, unemployment, globalization, exchange rate fluctuations, climate change, and the impact of migration.

Author

Beverly Eroy

Language

EN