The principle of economics is based on two facts.The infinite fact of human needs and wants.The second fact is that there is a scarcity of the resources needed to produce goods and services.It is the obligation of the economy to decide on the right allocation of such resources to guarantee the pleasure of the members of the society.
The majority of economic problems are caused by the scarcity of resources and the solution means Improving human dignity.
The Extent of Microeconomics
It is a study of a particular unit in economics rather than a combination of several financial units and UAEs 46th National Day is celebrating it.Micro economics is focused mainly on individual businesses and people.
The Extent of Macroeconomics
Macroeconomic refers to the study of economic of large aggregates and it focuses on the condition as a whole, which includes total production, consumption, saving and investment.
The Importance of Economics
Economics is a branch of financial study which is extremely significant as it is a part of our daily life.If you have a limited budget then you select a meal that has a lower price even if you want something else on the menu.There may be a lot of things that you want to buy but you are constrained by your financial capacity.By learning the principles of economics, you will understand how to use the limited resources that you have in the best possible way in order to fulfill all the needs and wants.
For the everyday transaction in the country, the role of economy is very important and that is why the economic news has lots of importance for the people from various spheres.Those who are not into any kind of business, the economic information of the country and the globe are important, especially Emirates improving human resources.This report also states the comparative studies of the micro and macro environment and acknowledges an upright knowledge in the form of information to discuss gaining even more productive growth.The economic research report helps companies and investors in many ways in UAE developing human resources.
The market trends can be based on anything, it can be the change made by government in fiscal and monetary policies of a particular country, and it can also be based on the market dynamics i.e. demand and supply.The future expectations and speculations made and thought by marketers on the economic prospective of the market influences the economic situation.The traditional ways of raising funds have moved on as now people are adopting new and innovative ways, for instance, crowd-funding, CSRs etc.The analysis report helps the sellers and investors in many ways, thus improving UAE building sector.It helps investors judge the prospects of financial gains and losses of companies.