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It is to use science for a practical job or to solve a problem.
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Applied Scientists !
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Managerial economics is an applied field of economics that focuses on the use of economic analysis and techniques to solve business decisions. It combines economic theory with managerial practice and focuses on the microeconomic aspects of an organization, such as demand analysis and pricing, production costs, and investment decisions. Managerial economics applies microeconomic analysis to specific decisions in order to optimize outcomes and maximize profits. It also considers the macroeconomic environment in which a business operates, such as global economic trends and government regulations. Managerial economics provides a framework for understanding how businesses interact with their environment and make decisions that will impact their long-term success.
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The government transfers money to the poor.
This is called "applied science."
applied
It is to use science for a practical job or to solve a problem.
Economics looks at how individuals and organisations use, produce, consume, and distribute the world’s goods and services.Any knowledge in these expansive fields would further enhance and increase the benefits of studying economics, since these subjects are all inter-disciplinary and understanding one subject would potentially deepen the understanding in another.
"Applied research is undertaken to solve a specific problem." Glencoe Science CHEMISTRY Matter and Change txt book page 17