The economic application is based on their state like population, literacy and poverty it varies from state to state, country to country.
Applied economics is the study as regards the application of economic theory and econometrics in specific settings.
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional.
The role of the state has occupied center stage in the development of economics as an independent discipline and is one of the most contentious issues addressed by contemporary economists and political economists. The state can develop the means of transport and communications for expanding the size of market because private enterprise cannot be capable of undertaking such schemes.
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