How to Draft Finance Dissertation??
According to experts, economics is the study of art and science
that deals with the attitude of firms, an individual, nations, and
administrations to make appropriate choices regarding the allocation of
resources. Moreover, economics is a vast subject that’s why students face issues
to comprehend their key concepts, graphs, and computations, particularly while
writing economics coursework. Therefore, most of the students take Coursework Writing Help from different Online Experts that assist them to
complete their work perfectly.
The approaches of economics
must be included while writing an economic thesis because it gives a good
impression to the reader. There are two approaches to economics, which are
given below:
Keynesian Approach
A famous
economist “John Maynard Keynes” gave this theory in 1930. The basic purpose of
this theory is to identify the causes behind the Great Depression. The approach
of Keynesian just focused on the ‘requirement” of an individual or overall
economy. This theory also evaluates the financial system over the short run. In
my opinion, this theory is not helpful nowadays because now most countries
focus to shift their level of production to a large scale and this theory only
deals with the short run.
This
approach is totally against the intervention of the government or any other
higher authorities in the operations of the business. According to Laissez-Faire,
due to the intervention of government, the businessperson cannot work freely
and they are not able to take their decisions independently.
Students
have to consider these economic systems while writing an economic thesis because
these systems are the core part of economics. There are three types of economic
systems that are as follows:
Capitalism
is an economic system that is particularly based on the personal ownership of
capital and resources that are invested for the production of commodities and
offer services to get some profit. It is directly linked with economic development, as prices and production levels are determined by the individual
owner of a business rather than by governments. This system encourages individuals
to offer their goods and services in the market with no intervention from the government.
Socialism's economic system give emphasizes equality rather than accomplishments, and the values that workers received for their work rather than the amount of value, they produce in the shape of goods. In this type of system, an individual is completely dependent on the state because they are not allowed to do any type of business without taking permission from the government. The government and other higher authorities set the prices of commodities.
A mixed economic system is a combination of
both capitalism and socialism. This system allows an individual to start their
business, or use their capital and resources as they want but it also allows
governments to interfere in their business operations in order to achieve
common objectives. Nowadays most countries follow this type of system because
it helps them to run their economy with constant growth and achieve their goals
in the desired manner. I prefer the mixed economic system because it gives
enough opportunity to an individual and government to work together for the
better growth of an economy.
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