#Applied economics is the use of the insights gained from economic theory and research to make better decisions and solve real-world problems. Applied economics is a popular tool in business planning and for public policy analysis and evaluation.
#The purpose of applied economics is to improve the quality of practice in business, public policy, and daily life by thinking rigorously about costs and benefits, incentives, and human behavior.
#From an individual perspective, economics frames many choices we have to make about work, leisure, consumption and how much to save.Our lives are also influenced by macro-economic trends, such as inflation, interest rates and economic growth.
