Economic Theories Essay Example | Topics and Well Written Essays - 250 words

Economic Theories - Essay Example he distribution of the most basic needs for the sake of the people and the way in which these are deemed as sufficient or not from the general standpoint. The intangibility of these economic theories is necessary as these warrant the overall living conditions of the people and the manner in which they would see their lives shaping up within the coming times. The abstract nature of these economic theories is generally seen as a good thing as it ensures a wide range snapshot of the society and the ways and means through which wellness and sufficiency within the society could be assured. Human behavior depends a good deal on the applicability of these economic theories and if these theories are not fulfilling as per the needs, requirements and wants of the people, then there would be serious issues in the implementation of economic representations for the sake of the people. It is always a necessity to make the economic theories as close to practical lives of the people as