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Essay Available:
Pages:
3 pages/≈825 words
Sources:
2 Sources
Level:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 12.96
Topic:

Microeconomic principles are theoretically sound, practically unrealistic, but conceptually very important (Essay Sample)

Instructions:

Task:
From a corporate management perspective, it has often been said that “Microeconomic principles are theoretically sound, practically unrealistic, but conceptually very important”. In a properly structured essay, not exceeding 1,000 words, interpret the statement and evaluate its validity. Your answer should provide legitimate evidence that illustrates and supports your position.
Format, etc.:
Hand-in a stapled hardcopy
1,000 words (maximum)
1.5 or double spacing
10.5+ font size
Cover page (your name, my name, the course name and the date)
Proper citation of outside sources required (APA or MLA acceptable)

source..
Content:


Microeconomic Principles are Theoretically Sound, Practically Unrealistic, but Conceptually Very Important
[Name of the Writer]
[Name of the Institution]
[Subject]
[Date]
Microeconomic Principles are Theoretically Sound, Practically Unrealistic, but Conceptually Very Important
Introduction
As per the customary beliefs, theories and principles are the carriers of knowledge regarding the actual world and they chiefly target the systems. However, no theory, whether economic, physical or any other science, is absolutely correct. Its usefulness and validity depend on whether or not it succeeds in explaining and predicting the set of phenomena that it is intended to explain and predict. According to this objective, the theories are continuously tested by means of observation. As a result of this testing, they are often modified or refined and occasionally discarded. This particular paper interprets the statement that microeconomic principles are theoretically sound, practically unrealistic, but conceptually very important as well as evaluating its validity.

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