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Since it is connected to the decision-making process in terms of the economy of an individual or an institution, behavioural economics refers to the psychology study. The first is whether the assumptions made by economists regarding the maximisation of profit as being the better estimates of people's actual behavior, and the second is whether the individual increases the expected subjective efficacy. These are two very important questions that behavioural economics asks.
A subfield of economics known as financial economics studies how resources are used and traded in markets where decisions are subject to uncertainty. Future developments, whether they are related to particular stocks, portfolios, or the market as a whole, must typically be taken into account when making financial decisions.
A subset of financial topics called health economics is concerned with questions of productivity, viability, respect, and behaviour in the production and use of health and medical services. Health economics experts consider the operation of social insurance frameworks and health affecting activities in general.
We might state that the scope of the subject is extensive since business economics includes a broad variety of potential outcomes in company decisions. Business economics has two branches: microeconomics, which deals with a firm's internal issues, and macroeconomics, which focuses on external factors.
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